https://www.taxtmi.com/caselaws?id=789399 Revision under section 263 was held unsustainable where the Assessing Officer had already examined the seized material and used the same documents to make additions in the connected concern as unexplained money. The record did not support the allegation that cash entries in the seized material or the survey statement had been left unverified in the assessee's case. Once the material had been applied in the related assessment, the supposed failure of inquiry was not established, and the search-presumption alone could not justify revision. The assessment order was restored and the revisionary interference was set aside. en-us Fri, 06 Mar 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789399 Revision under section 263 was held unsustainable where the Assessing Officer had already examined the seized material and used the same documents to make additions in the connected concern as unexplained money. The record did not support the allegation that cash entries in the seized material or the survey statement had been left unverified in the assessee's case. Once the material had been applied in the related assessment, the supposed failure of inquiry was not established, and the search-presumption alone could not justify revision. The assessment order was restored and the revisionary interference was set aside. Case-Laws Income Tax Fri, 06 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789399