https://www.taxtmi.com/caselaws?id=466556 Revisionary powers cannot be exercised where the assessing officer adopted a plausible, evidence-supported view and the revisional authority failed to make independent minimal enquiry; consequence: the revision under Section 263 was quashed and the original assessment restored. The Tribunal held that cash purchases from villagers supported by identity proofs did not justify disallowance under the TDS/disallowance provision, so those expenses were upheld. Expenditure on furniture fittings was treated as revenue in nature on the facts and the AO's allowance was maintained. Payments alleged to lack TDS were found supported by records or outside TDS coverage; related disallowances were rejected. en-us Fri, 13 Aug 2021 00:00:00 +0530 Thu, 12 Feb 2026 19:01:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466556 Revisionary powers cannot be exercised where the assessing officer adopted a plausible, evidence-supported view and the revisional authority failed to make independent minimal enquiry; consequence: the revision under Section 263 was quashed and the original assessment restored. The Tribunal held that cash purchases from villagers supported by identity proofs did not justify disallowance under the TDS/disallowance provision, so those expenses were upheld. Expenditure on furniture fittings was treated as revenue in nature on the facts and the AO's allowance was maintained. Payments alleged to lack TDS were found supported by records or outside TDS coverage; related disallowances were rejected. Case-Laws Income Tax Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466556