https://www.taxtmi.com/caselaws?id=416953 Revision under section 263 was not sustainable where the Assessing Officer had issued notices, examined the sale agreement and cancellation, verified the supporting evidence, and recorded statements of the agriculturists before accepting the assessee's explanation on cash deposits. Once the assessment was made after enquiry and on a permissible view, the revisional authority could not invoke section 263 merely because it preferred a different conclusion. The order was therefore set aside in favour of the assessee. en-us Thu, 06 Jan 2022 00:00:00 +0530 Tue, 11 Jan 2022 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416953 Revision under section 263 was not sustainable where the Assessing Officer had issued notices, examined the sale agreement and cancellation, verified the supporting evidence, and recorded statements of the agriculturists before accepting the assessee's explanation on cash deposits. Once the assessment was made after enquiry and on a permissible view, the revisional authority could not invoke section 263 merely because it preferred a different conclusion. The order was therefore set aside in favour of the assessee. Case-Laws Income Tax Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416953