Amit Kumar Agarwal v.PCIT (2024) 229 TTJ 473 / 237 DTR 209 / 38 NYPTTJ 509 (Agra)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deposit from customers-Lack of proper enquiry- Cash deposit in bank-Revision is valid. [S. 143(3)

The Tribunal held that  assessee does not even know the names and contact details of the persons who deposited cash in his savings bank account and the authorised representative  has shown his inability to provide the details, such as invoices of goods, transport bills, etc. Revision is held to be valid due to lack of enquiry. (AY.2016-17)

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