https://www.taxtmi.com/caselaws?id=770612 ITAT Delhi quashed PCIT's revision order u/s 263 regarding cash deposit in bank account. AO had conducted proper enquiry into Rs. 9,00,000 cash deposit dated 07/02/2011, verified assessee's reply and documents, and made no addition in assessment order u/s 147/143(3) dated 13/11/2018. ITAT held that AO's enquiry was adequate and PCIT's invocation of Section 263 constituted fishing enquiry without valid grounds. Assessee's appeal was allowed and PCIT's order was quashed. en-us Wed, 07 May 2025 00:00:00 +0530 Wed, 14 May 2025 07:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770612 ITAT Delhi quashed PCIT's revision order u/s 263 regarding cash deposit in bank account. AO had conducted proper enquiry into Rs. 9,00,000 cash deposit dated 07/02/2011, verified assessee's reply and documents, and made no addition in assessment order u/s 147/143(3) dated 13/11/2018. ITAT held that AO's enquiry was adequate and PCIT's invocation of Section 263 constituted fishing enquiry without valid grounds. Assessee's appeal was allowed and PCIT's order was quashed. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770612