Court Upholds Revision u/s 263 Due to AO's Failure to Investigate Unexplained Cash Deposits Thoroughly.

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....Revision u/s 263 - unexplained cash deposits - AO is not only an adjudicator, but also an investigator who failed to investigate the source and truth behind the cash deposits in assessee’s bank account and endorsed the offer of the assessee without making any enquiry - it is a case of lack of enquiries on the part of AO - rivision upheld....