https://www.taxtmi.com/caselaws?id=779341 ITAT (Ahmedabad) upheld the Principal CIT's revision under s.263, finding the AO failed to enquire into unexplained cash deposits in a society bank account and omissions in the assessment record. The assessee's late contention that a family member operated the account and made deposits was first raised on appeal and not placed before the AO or during s.263 proceedings. Given the lack of prior enquiry into source and operation of the account, the Tribunal found no infirmity in the Principal CIT's order and dismissed the assessee's appeal. en-us Wed, 22 Jan 2025 00:00:00 +0530 Sat, 04 Oct 2025 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779341 ITAT (Ahmedabad) upheld the Principal CIT's revision under s.263, finding the AO failed to enquire into unexplained cash deposits in a society bank account and omissions in the assessment record. The assessee's late contention that a family member operated the account and made deposits was first raised on appeal and not placed before the AO or during s.263 proceedings. Given the lack of prior enquiry into source and operation of the account, the Tribunal found no infirmity in the Principal CIT's order and dismissed the assessee's appeal. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779341