https://www.taxtmi.com/highlights?id=66313 Revision u/s 263 - the AO merely accepting the explanation of the assessee cannot be faulted merely because it could have been lawful to make more detailed inquiries or because he did not write specific reasons of accepting the explanation cannot be a reason to invoke the powers u/s. 263 of the Act. - AT en-us Wed, 02 Nov 2022 09:12:18 +0530 Wed, 02 Nov 2022 09:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66313 Revision u/s 263 - the AO merely accepting the explanation of the assessee cannot be faulted merely because it could have been lawful to make more detailed inquiries or because he did not write specific reasons of accepting the explanation cannot be a reason to invoke the powers u/s. 263 of the Act. - AT Highlights Income Tax Wed, 02 Nov 2022 09:12:18 +0530 https://www.taxtmi.com/highlights?id=66313