The assessment under sections 153A and 143(3) was completed by the AO after the assessee provided evidence of unsecured loans. The PCIT invoked Section 263, claiming that the AO conducted an inadequate inquiry into the creditworthiness and identity of the loan providers. However, the Tribunal quashed the PCIT’s revision, asserting that the AO had conducted sufficient inquiries and had a plausible basis for accepting the loans. The Court upheld the Tribunal’s decision, stating that the PCIT must provide specific findings on the AO’s alleged failures and independently verify any additional information needed to challenge the assessment order. The revenue’s appeal was dismissed, confirming no substantial question of law arose. (AY. 2014-15)