https://www.taxtmi.com/caselaws?id=70409 Revisional jurisdiction under section 263 is not sustainable where the assessment records show that the Assessing Officer made due enquiry, examined the relevant claims, and the order is neither erroneous nor prejudicial to the revenue. The text also notes that expired time limits for fresh assessments support finality where no stay extends limitation. On deductions, urban land tax was treated as allowable on accrual, damages for delayed provident fund payment were treated as compensatory rather than penal, and bad debts written off after rehabilitation were accepted when supported by enquiry. The original assessments were therefore left undisturbed. en-us Mon, 29 Oct 1990 00:00:00 +0530 Sat, 16 Apr 2011 10:15:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70409 Revisional jurisdiction under section 263 is not sustainable where the assessment records show that the Assessing Officer made due enquiry, examined the relevant claims, and the order is neither erroneous nor prejudicial to the revenue. The text also notes that expired time limits for fresh assessments support finality where no stay extends limitation. On deductions, urban land tax was treated as allowable on accrual, damages for delayed provident fund payment were treated as compensatory rather than penal, and bad debts written off after rehabilitation were accepted when supported by enquiry. The original assessments were therefore left undisturbed. Case-Laws Income Tax Mon, 29 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70409