In the report titled (2024] 117 ITR (Trib) 683 (ITAT[Surat] the poor taxpayer had to face the agony of Commissioner’s action u/s 263 to make a fresh revision even after a previous reassessment only because of failure to mention a particular bank account in the original as well as in the subsequent return of income u/s148.
Later it was however found that the assessee did forward such bank to the AO during reassessment who passed the order after considering the reply of the Assessee on alleged credits in such account.
Taxpayers now ought to be more cautious in submitting all bank details in the return of incomes to escape facing any such kind of silly actions.