https://www.taxtmi.com/caselaws?id=62577 Revision under section 263 was unsustainable where the Assessing Officer had made enquiries, examined the amended double taxation agreement, and adopted a possible view on the taxability of the receipts. An internal audit objection did not by itself justify revision, and the Commissioner was still required to exercise independent judgment before treating the assessment as erroneous and prejudicial to revenue. Because the assessment order reflected proper enquiry and a legally supportable view, it could not be revised merely because a different view was preferred. en-us Mon, 20 Mar 1995 00:00:00 +0530 Thu, 20 Jan 2011 15:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62577 Revision under section 263 was unsustainable where the Assessing Officer had made enquiries, examined the amended double taxation agreement, and adopted a possible view on the taxability of the receipts. An internal audit objection did not by itself justify revision, and the Commissioner was still required to exercise independent judgment before treating the assessment as erroneous and prejudicial to revenue. Because the assessment order reflected proper enquiry and a legally supportable view, it could not be revised merely because a different view was preferred. Case-Laws Income Tax Mon, 20 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62577