https://www.taxtmi.com/caselaws?id=247143 Revision under section 263 was held unwarranted because the assessment order was neither erroneous nor prejudicial to the Revenue. The Assessing Officer had examined the deduction claim, called for details and supporting documents, and allowed the claim after scrutiny, so the case was not one of lack of enquiry. The due-date requirement under section 80AC was treated as a debatable issue at the relevant time, and the Assessing Officer had adopted one of the permissible views. Since a revision cannot be made merely because the Commissioner prefers another view, the deduction under section 80IB could not be withdrawn and the assessee's appeal succeeded. en-us Wed, 18 Dec 2013 00:00:00 +0530 Sat, 03 May 2014 09:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247143 Revision under section 263 was held unwarranted because the assessment order was neither erroneous nor prejudicial to the Revenue. The Assessing Officer had examined the deduction claim, called for details and supporting documents, and allowed the claim after scrutiny, so the case was not one of lack of enquiry. The due-date requirement under section 80AC was treated as a debatable issue at the relevant time, and the Assessing Officer had adopted one of the permissible views. Since a revision cannot be made merely because the Commissioner prefers another view, the deduction under section 80IB could not be withdrawn and the assessee's appeal succeeded. Case-Laws Income Tax Wed, 18 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247143