https://www.taxtmi.com/caselaws?id=789417 Revision under section 263 is not justified where the Assessing Officer has conducted enquiry, examined cash sales, cash deposits, stock, purchases and supporting records, and then adopted a plausible view. The absence of elaborate discussion in the assessment order does not by itself show lack of enquiry. Section 263 cannot be used to substitute a different opinion merely because the Principal Commissioner considers the enquiry inadequate or prefers another view on the same material. On these facts, the revisionary order was quashed and the assessee succeeded. en-us Mon, 06 Apr 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789417 Revision under section 263 is not justified where the Assessing Officer has conducted enquiry, examined cash sales, cash deposits, stock, purchases and supporting records, and then adopted a plausible view. The absence of elaborate discussion in the assessment order does not by itself show lack of enquiry. Section 263 cannot be used to substitute a different opinion merely because the Principal Commissioner considers the enquiry inadequate or prefers another view on the same material. On these facts, the revisionary order was quashed and the assessee succeeded. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789417