Held that the Assessing Officer had taken a prudent, judicious and reasonable view in accepting the explanation of the assessee after considering the entire material available on record and the order passed under section 143(3) of the Act could not be held to be erroneous in so far as prejudicial to the interests of the Revenue. (AY.2016-17)
Rameshwar Prasad Shringi v. PCIT (2021) 92 ITR 652 /(2022) 214 TTJ 257 / 214 DTR 369 (Jaipur) (Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Lack of enquiry-Cash deposits-Assessing Officer taking a reasonable view-Revision was held to be not valid. [S. 143(3)]