https://www.taxtmi.com/caselaws?id=218538 Revision under section 263 requires a clear jurisdictional finding that the assessment order is both erroneous and prejudicial to the interests of the revenue; a mere statement that the assessee's explanation is unsatisfactory is insufficient. The revisional order was also unsustainable because it relied on section 68 deemed income, which had not been put to the assessee in the show-cause notice. A revision cannot be upheld on a new ground introduced after the notice stage, and the order was therefore set aside. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 19 Nov 2012 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218538 Revision under section 263 requires a clear jurisdictional finding that the assessment order is both erroneous and prejudicial to the interests of the revenue; a mere statement that the assessee's explanation is unsatisfactory is insufficient. The revisional order was also unsustainable because it relied on section 68 deemed income, which had not been put to the assessee in the show-cause notice. A revision cannot be upheld on a new ground introduced after the notice stage, and the order was therefore set aside. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218538