Revision u/s 263 - Unexplained cash credit under section 68 / 69 of the Act – CIT cannot replace his own...

Revision u/s 263 - Unexplained cash credit under section 68 / 69 of the Act – CIT cannot replace his own opinion and substitute with that of the Assessing Officer. He can revise the assessment order only and only when the twin conditions i.e erroneous and prejudicial to the interests of the Revenue, are fulfilled. - AT .....

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