https://www.taxtmi.com/caselaws?id=791471 Section 263 revision could not be sustained where the assessment record showed inquiries under sections 142(1) and 133(6), including notices to parties and replies received. The absence of a detailed discussion in the assessment order did not by itself prove lack of enquiry. Reliance on GST data from the Insight Portal was insufficient because no categorical finding was recorded that the assessee had incurred unexplained expenditure from undisclosed sources, and the ledger accounts and bank statements were not shown to be false or fabricated. A third-party data discrepancy, without reconciliation or independent verification, did not establish that the assessment order was both erroneous and prejudicial to the Revenue. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791471 Section 263 revision could not be sustained where the assessment record showed inquiries under sections 142(1) and 133(6), including notices to parties and replies received. The absence of a detailed discussion in the assessment order did not by itself prove lack of enquiry. Reliance on GST data from the Insight Portal was insufficient because no categorical finding was recorded that the assessee had incurred unexplained expenditure from undisclosed sources, and the ledger accounts and bank statements were not shown to be false or fabricated. A third-party data discrepancy, without reconciliation or independent verification, did not establish that the assessment order was both erroneous and prejudicial to the Revenue. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791471