https://www.taxtmi.com/caselaws?id=471258 Revision under Section 263 remains available for an assessment approved under Section 153D; such approval does not exclude revisionary jurisdiction. Absence of a Document Identification Number on the approval did not invalidate revision proceedings in light of the Supreme Court's interim stay in the relied-upon authority. Lack of inquiry into substantial bank cash deposits rendered the original assessment erroneous and prejudicial to Revenue, permitting revision. However, once unrebutted audited accounts, GST returns, cash records, sales documents, bank records, debtor ledgers and cash-flow details explained the deposits, a fresh assessment could not be directed without identifying deficiencies or adverse material. en-us Thu, 03 Apr 2025 00:00:00 +0530 Wed, 26 Aug 2026 21:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471258 Revision under Section 263 remains available for an assessment approved under Section 153D; such approval does not exclude revisionary jurisdiction. Absence of a Document Identification Number on the approval did not invalidate revision proceedings in light of the Supreme Court's interim stay in the relied-upon authority. Lack of inquiry into substantial bank cash deposits rendered the original assessment erroneous and prejudicial to Revenue, permitting revision. However, once unrebutted audited accounts, GST returns, cash records, sales documents, bank records, debtor ledgers and cash-flow details explained the deposits, a fresh assessment could not be directed without identifying deficiencies or adverse material. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471258