https://www.taxtmi.com/caselaws?id=791202 Revision under section 263 is not sustainable where the Assessing Officer has made enquiries, examined supporting records, recorded statements, and adopted a plausible view on the cash advances linked to the sale of agricultural land. The revisional authority cannot invoke section 263 merely because it prefers a different inference or considers the enquiry inadequate in hindsight. Suspicion cannot replace evidence, and an assessment order is not erroneous and prejudicial to the interests of the revenue when it is founded on material already examined and a reasoned view has been taken. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 07 May 2026 07:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791202 Revision under section 263 is not sustainable where the Assessing Officer has made enquiries, examined supporting records, recorded statements, and adopted a plausible view on the cash advances linked to the sale of agricultural land. The revisional authority cannot invoke section 263 merely because it prefers a different inference or considers the enquiry inadequate in hindsight. Suspicion cannot replace evidence, and an assessment order is not erroneous and prejudicial to the interests of the revenue when it is founded on material already examined and a reasoned view has been taken. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791202