https://www.taxtmi.com/caselaws?id=771589 ITAT Delhi upheld PCIT's revision order u/s 263 regarding unaccounted cash deposits in assessee's bank accounts. The tribunal found the original assessment order cryptic with inadequate investigation, as AO merely relied on affidavits without proper corroboration. Parties involved denied making cash payments to assessee, and a recovery case was filed against assessee. While dismissing assessee's appeal against revision order, ITAT remitted the matter to AO for fresh assessment with proper opportunity of hearing, considering principles of natural justice. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771589 ITAT Delhi upheld PCIT's revision order u/s 263 regarding unaccounted cash deposits in assessee's bank accounts. The tribunal found the original assessment order cryptic with inadequate investigation, as AO merely relied on affidavits without proper corroboration. Parties involved denied making cash payments to assessee, and a recovery case was filed against assessee. While dismissing assessee's appeal against revision order, ITAT remitted the matter to AO for fresh assessment with proper opportunity of hearing, considering principles of natural justice. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771589