https://www.taxtmi.com/caselaws?id=463296 In revisionary proceedings, a Principal Commissioner may sustain revision where the assessee fails to show that the Assessing Officer examined the issue and adopted a possible view, or that the revised view is unsustainable. On the facts stated, the assessee did not establish that the assessment treatment of unexplained bank deposits as business income had been properly examined by the Assessing Officer. The record also did not show that the Principal Commissioner's view that the order was erroneous and prejudicial to the interests of Revenue was untenable. The revision order directing assessment of the deposits under the head "income from other sources" was therefore upheld. en-us Mon, 29 May 2017 00:00:00 +0530 Fri, 22 Aug 2025 20:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463296 In revisionary proceedings, a Principal Commissioner may sustain revision where the assessee fails to show that the Assessing Officer examined the issue and adopted a possible view, or that the revised view is unsustainable. On the facts stated, the assessee did not establish that the assessment treatment of unexplained bank deposits as business income had been properly examined by the Assessing Officer. The record also did not show that the Principal Commissioner's view that the order was erroneous and prejudicial to the interests of Revenue was untenable. The revision order directing assessment of the deposits under the head "income from other sources" was therefore upheld. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463296