The Assessing Officer accepted unsecured loans without obtaining loan confirmations, income-tax returns of lenders or satisfactory evidence regarding their creditworthiness. The Tribunal held that the assessment was completed without making enquiries which ought to have been made. As the assessee also failed to establish the genuineness of the transactions even during revision proceedings, the Principal Commissioner was justified in invoking section 263 and restoring the issue to the Assessing Officer for fresh verification. (AY. 2018-19).