https://www.taxtmi.com/caselaws?id=269531 Section 263 confers wide revisional power on the Commissioner of Income-tax to examine the record of any proceeding and revise an order that is erroneous and prejudicial to the revenue. The term "record" is not confined to the assessment file before the Assessing Officer; it may include material that comes to the Commissioner's notice during enquiry, including information obtained from customs authorities or other proceedings. On that construction, the Commissioner could validly rely on such external material to invoke revisional jurisdiction, and the Tribunal's narrow reading of section 263 was rejected. en-us Mon, 02 Nov 2015 00:00:00 +0530 Tue, 15 Dec 2015 22:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269531 Section 263 confers wide revisional power on the Commissioner of Income-tax to examine the record of any proceeding and revise an order that is erroneous and prejudicial to the revenue. The term "record" is not confined to the assessment file before the Assessing Officer; it may include material that comes to the Commissioner's notice during enquiry, including information obtained from customs authorities or other proceedings. On that construction, the Commissioner could validly rely on such external material to invoke revisional jurisdiction, and the Tribunal's narrow reading of section 263 was rejected. Case-Laws Income Tax Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269531