Asha Devi v. PCIT (2022) 98 ITR 52 (SN)(Bang) (Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited Scrutiny for verification of cash deposits-Assessing Officer has not made proper verification-Revision is held to be justified. [S. 143(3)]

Held that the source of cash deposits from the “safe custody account” was not questioned by the Assessing Officer by calling for ledger accounts etc., nor had the assessee submitted any details in this regard during the assessment proceedings.  Revision order is held to be justified. (AY.  2017-18)