S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposits-Demonetisation-Sales-Retail sale of petroleum products, customer-specific records not practicable-Assessing Officer having discretion in examination of transactions and level of inquiry-Audit report available for download and examination-Assessing Officer’s choice not to download and file copy for record not prejudicial to interests of revenue-Order is not erroneous-Cash gift from mother-Failure to explain the source-Creditors-Confirmations incomplete and deficient PCIT is justified in setting aside assessment order.[S. 68, 147 148]
Ravi Sher Singh Toor v. PCIT (2024) 110 ITR 218 (Chd)(Trib)