https://www.taxtmi.com/caselaws?id=178032 Section 263 revision requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. The Commissioner could not invoke revision merely because section 14A read with Rule 8D was not applied where Rule 8D was not applicable to the relevant assessment year. Revision was also impermissible where the assessee had made a reasonable disallowance, the return was accepted in scrutiny, and no material showed non-application of mind by the Assessing Officer. A plausible view taken by the Assessing Officer could not be revised simply because the Commissioner preferred another line of authority. en-us Fri, 16 Dec 2011 00:00:00 +0530 Wed, 27 Jan 2016 12:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178032 Section 263 revision requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. The Commissioner could not invoke revision merely because section 14A read with Rule 8D was not applied where Rule 8D was not applicable to the relevant assessment year. Revision was also impermissible where the assessee had made a reasonable disallowance, the return was accepted in scrutiny, and no material showed non-application of mind by the Assessing Officer. A plausible view taken by the Assessing Officer could not be revised simply because the Commissioner preferred another line of authority. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178032