Held that the Assessing Officer conducted detailed enquiries and made proper application of mind after examining the relevant documents before taking a possible view in respect of cash deposit in the assessee’s bank account, payment of unsecured loans and possible violation of the provisions of S. 269T of the Act. Revision order is not valid.(AY. 2015-16)
Sauria Agarwal v. PCIT (2022) 215 TTJ 523 / 211 DTR 63 (Cuttack)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Repayment of loan-Cash deposited in the bank-Examined by the Assessing Officer-Revision order was quashed. [S. 269T]