https://www.taxtmi.com/caselaws?id=788049 Section 263 revision is not warranted where the Assessing Officer has made adequate inquiry, examined loan creditors' identity, creditworthiness and genuineness, and taken a plausible view on the material furnished by the assessee. The record showed complete supporting documents, including confirmations, bank statements, financial statements and returns, and the revisional authority identified no specific defect or omission in that inquiry. On those facts, the attempt to characterise the case as one of inadequate inquiry failed, and the revisional order was quashed as unsustainable. en-us Thu, 12 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 10:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788049 Section 263 revision is not warranted where the Assessing Officer has made adequate inquiry, examined loan creditors' identity, creditworthiness and genuineness, and taken a plausible view on the material furnished by the assessee. The record showed complete supporting documents, including confirmations, bank statements, financial statements and returns, and the revisional authority identified no specific defect or omission in that inquiry. On those facts, the attempt to characterise the case as one of inadequate inquiry failed, and the revisional order was quashed as unsustainable. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788049