https://www.taxtmi.com/caselaws?id=217662 Revision under section 263 is permissible only when the Assessing Officer's order is both erroneous and prejudicial to the interests of the Revenue. Where the Assessing Officer adopts one of two possible views on the allowability of rebate under section 88E while computing tax under the Minimum Alternate Tax provisions, the order is not revisable merely because the Commissioner prefers a different view. The view taken was supported by judicial precedent and was therefore not treated as erroneous. The revision order was set aside. en-us Mon, 30 Jul 2012 00:00:00 +0530 Thu, 18 Oct 2012 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217662 Revision under section 263 is permissible only when the Assessing Officer's order is both erroneous and prejudicial to the interests of the Revenue. Where the Assessing Officer adopts one of two possible views on the allowability of rebate under section 88E while computing tax under the Minimum Alternate Tax provisions, the order is not revisable merely because the Commissioner prefers a different view. The view taken was supported by judicial precedent and was therefore not treated as erroneous. The revision order was set aside. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217662