https://www.taxtmi.com/caselaws?id=780748 ITAT held that the Revisional Authority's order under s.263 quashing the AO's assessment was unjustified and allowed the appeal, quashing the s.263 order. The CIT failed to demonstrate any material showing the alleged surrendered sums were not from professional receipts or were taxable under ss.69/69A/69B; the AO had issued a s.142(1) questionnaire, received the assessee's specific reply and accepted it. In absence of any discovered material or palpable failure of jurisdiction, revisional interference under s.263 was not warranted. en-us Mon, 28 Jul 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780748 ITAT held that the Revisional Authority's order under s.263 quashing the AO's assessment was unjustified and allowed the appeal, quashing the s.263 order. The CIT failed to demonstrate any material showing the alleged surrendered sums were not from professional receipts or were taxable under ss.69/69A/69B; the AO had issued a s.142(1) questionnaire, received the assessee's specific reply and accepted it. In absence of any discovered material or palpable failure of jurisdiction, revisional interference under s.263 was not warranted. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780748