https://www.taxtmi.com/caselaws?id=757787 Section 263 revision in reassessment proceedings concerns de novo enquiry and the assessee's burden to prove identity, creditworthiness and genuineness of transactions; appellate scrutiny of the Tribunal's factual findings was also treated as raising a substantial question of law. In the recorded outcome, the Revenue's appeal under section 260A was dismissed, the Tribunal's order setting aside the Commissioner's section 263 direction for AY 2012-13 was sustained, and the connected stay application was closed. The special leave petition was then dismissed for delay, as no justifiable grounds were shown for condoning 530 days. en-us Fri, 09 Aug 2024 00:00:00 +0530 Fri, 01 May 2026 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757787 Section 263 revision in reassessment proceedings concerns de novo enquiry and the assessee's burden to prove identity, creditworthiness and genuineness of transactions; appellate scrutiny of the Tribunal's factual findings was also treated as raising a substantial question of law. In the recorded outcome, the Revenue's appeal under section 260A was dismissed, the Tribunal's order setting aside the Commissioner's section 263 direction for AY 2012-13 was sustained, and the connected stay application was closed. The special leave petition was then dismissed for delay, as no justifiable grounds were shown for condoning 530 days. Case-Laws Income Tax Fri, 09 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757787