https://www.taxtmi.com/caselaws?id=470877 Revision under section 263 was valid where assessment records showed receipt of an unsecured cash loan and the assessee's assertion that no cash transaction occurred lacked documentary support. Verification was required to determine whether the loan had been received through banking channels and whether penalty proceedings for a possible violation of section 269SS were warranted. The revisionary direction appropriately required the Assessing Officer to conduct the enquiry while allowing the assessee an opportunity to substantiate the claim. en-us Thu, 05 Jun 2025 00:00:00 +0530 Tue, 11 Aug 2026 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470877 Revision under section 263 was valid where assessment records showed receipt of an unsecured cash loan and the assessee's assertion that no cash transaction occurred lacked documentary support. Verification was required to determine whether the loan had been received through banking channels and whether penalty proceedings for a possible violation of section 269SS were warranted. The revisionary direction appropriately required the Assessing Officer to conduct the enquiry while allowing the assessee an opportunity to substantiate the claim. Case-Laws Income Tax Thu, 05 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470877