https://www.taxtmi.com/caselaws?id=300398 Revision under section 263 was held unwarranted where the assessment record showed that the Assessing Officer had issued questionnaires, examined replies and supporting material, and taken a permissible view after due application of mind. The revisional authority could not point to any specific unsustainable finding in the assessment or establish that the order was passed without enquiry, so a mere preference for deeper verification or a different view was insufficient. The objections based on non-initiation of penalty and the CASS-related issue were also not enough to sustain revision on the facts stated. The revisional orders were therefore quashed, with the ancillary ground treated as not pressed remaining dismissed. en-us Mon, 11 Oct 2021 00:00:00 +0530 Sun, 30 Jan 2022 18:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300398 Revision under section 263 was held unwarranted where the assessment record showed that the Assessing Officer had issued questionnaires, examined replies and supporting material, and taken a permissible view after due application of mind. The revisional authority could not point to any specific unsustainable finding in the assessment or establish that the order was passed without enquiry, so a mere preference for deeper verification or a different view was insufficient. The objections based on non-initiation of penalty and the CASS-related issue were also not enough to sustain revision on the facts stated. The revisional orders were therefore quashed, with the ancillary ground treated as not pressed remaining dismissed. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300398