https://www.taxtmi.com/caselaws?id=432919 The Tribunal held that the Principal Commissioner of Income Tax's revision order under Section 263 could not be upheld. It was determined that the Assessing Officer correctly limited the scrutiny to cash deposits during demonetisation, and examining the purchase of agricultural land was beyond the scope of limited scrutiny. Consequently, the revision order was quashed, and the assessee's appeal was allowed. en-us Fri, 13 Jan 2023 00:00:00 +0530 Tue, 17 Jan 2023 06:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432919 The Tribunal held that the Principal Commissioner of Income Tax's revision order under Section 263 could not be upheld. It was determined that the Assessing Officer correctly limited the scrutiny to cash deposits during demonetisation, and examining the purchase of agricultural land was beyond the scope of limited scrutiny. Consequently, the revision order was quashed, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 13 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432919