https://www.taxtmi.com/caselaws?id=419173 Revisional jurisdiction under section 263 cannot be used merely because the revisional authority prefers a deeper or different enquiry where the Assessing Officer has already made enquiry, applied his mind and adopted a plausible view on the material. Here, the assessment records showed that cash deposits were specifically examined, the bank account details were called for, and the assessee's explanation that the deposits came from sale consideration of agricultural land was considered and accepted as satisfactory. As adequate enquiry had been made and a possible view taken, the revisional order setting aside the assessment for inadequate enquiry was unsustainable and was set aside; the assessment was restored. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 04 Mar 2022 08:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419173 Revisional jurisdiction under section 263 cannot be used merely because the revisional authority prefers a deeper or different enquiry where the Assessing Officer has already made enquiry, applied his mind and adopted a plausible view on the material. Here, the assessment records showed that cash deposits were specifically examined, the bank account details were called for, and the assessee's explanation that the deposits came from sale consideration of agricultural land was considered and accepted as satisfactory. As adequate enquiry had been made and a possible view taken, the revisional order setting aside the assessment for inadequate enquiry was unsustainable and was set aside; the assessment was restored. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419173