https://www.taxtmi.com/caselaws?id=71529 Section 263 revision is sustainable only where the assessment order is erroneous and prejudicial to the Revenue on the existing record. For the newly set up units claiming section 80-IA deduction, the Assessing Officer had made no enquiry into eligibility conditions, so revision was valid on that limited issue. For deductions under sections 80HH, 80HHA and 80-I relating to earlier-year units, the formation and manufacturing character had already been accepted and no fresh material existed, so revision was not permitted. The assessment also merged with the appellate order on bank interest and miscellaneous income to the extent those matters had been considered in appeal, barring revision on that aspect. en-us Mon, 27 Oct 1997 00:00:00 +0530 Mon, 25 Apr 2011 14:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71529 Section 263 revision is sustainable only where the assessment order is erroneous and prejudicial to the Revenue on the existing record. For the newly set up units claiming section 80-IA deduction, the Assessing Officer had made no enquiry into eligibility conditions, so revision was valid on that limited issue. For deductions under sections 80HH, 80HHA and 80-I relating to earlier-year units, the formation and manufacturing character had already been accepted and no fresh material existed, so revision was not permitted. The assessment also merged with the appellate order on bank interest and miscellaneous income to the extent those matters had been considered in appeal, barring revision on that aspect. Case-Laws Income Tax Mon, 27 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71529