https://www.taxtmi.com/caselaws?id=772832 The ITAT Jodhpur allowed the assessee's appeal against PCIT's revision order u/s 263. The CIT claimed agricultural income of Rs. 14,98,869 was unverified and should be taxed as unexplained money u/s 69A and 115BBE. The tribunal held that the AO conducted proper enquiries, examined documentary evidence, and made necessary verifications before accepting the agricultural income from sale of maize and bajra. The PCIT cannot revise the assessment merely based on a different opinion when the AO has conducted adequate enquiry and reached plausible legal conclusions. The revision was deemed unjustified. en-us Mon, 21 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772832 The ITAT Jodhpur allowed the assessee's appeal against PCIT's revision order u/s 263. The CIT claimed agricultural income of Rs. 14,98,869 was unverified and should be taxed as unexplained money u/s 69A and 115BBE. The tribunal held that the AO conducted proper enquiries, examined documentary evidence, and made necessary verifications before accepting the agricultural income from sale of maize and bajra. The PCIT cannot revise the assessment merely based on a different opinion when the AO has conducted adequate enquiry and reached plausible legal conclusions. The revision was deemed unjustified. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772832