Taxpayer's Case Reopened u/s 263; AO Finds No Cash Transactions in Bank Statements for Relevant Year.

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....Revision u/s 263 - Cash transaction which, inter alia, had formed one of the reason for reopening of the assessee's case, we find that the AO after duly verifying the bank statements of the assessee, had concluded that there were no such transactions carried out by the assessee during the year under consideration. - AT....