https://www.taxtmi.com/caselaws?id=794673 Revisionary jurisdiction under section 263 was unsustainable where the AO had examined the cash deposits, considered the assessee's explanation and, on the facts, consciously chose not to make an addition under section 68 read with section 115BBE. The Tribunal held that the assessment was completed after enquiry and that the Commissioner failed to show the order was erroneous or prejudicial to the Revenue. As the AO's view was a permissible one on the record, the section 263 order was quashed. en-us Tue, 30 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794673 Revisionary jurisdiction under section 263 was unsustainable where the AO had examined the cash deposits, considered the assessee's explanation and, on the facts, consciously chose not to make an addition under section 68 read with section 115BBE. The Tribunal held that the assessment was completed after enquiry and that the Commissioner failed to show the order was erroneous or prejudicial to the Revenue. As the AO's view was a permissible one on the record, the section 263 order was quashed. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794673