https://www.taxtmi.com/caselaws?id=772272 The ITAT Hyderabad dismissed the assessee's appeal against a revision order u/s 263. The assessee challenged the validity of the assessment order claiming lack of proper approval u/s 153D, but failed to produce the approval order as evidence. The court held that without the actual approval document, validity cannot be determined. Additionally, the AO failed to apply Section 115BBE provisions to surrendered income and did not verify the assessee's explanation of cash sources during search proceedings. The ITAT found the assessment order erroneous and prejudicial to revenue interests, upholding the Pr. CIT's revision order. en-us Mon, 07 Apr 2025 00:00:00 +0530 Wed, 04 Jun 2025 10:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772272 The ITAT Hyderabad dismissed the assessee's appeal against a revision order u/s 263. The assessee challenged the validity of the assessment order claiming lack of proper approval u/s 153D, but failed to produce the approval order as evidence. The court held that without the actual approval document, validity cannot be determined. Additionally, the AO failed to apply Section 115BBE provisions to surrendered income and did not verify the assessee's explanation of cash sources during search proceedings. The ITAT found the assessment order erroneous and prejudicial to revenue interests, upholding the Pr. CIT's revision order. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772272