https://www.taxtmi.com/caselaws?id=325827 Section 263 revision requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. On the advertisement expenses issue, the Tribunal noted that the assessment had examined the record, part of the expenditure related to printed material outside TDS requirements, and the remaining item was supported by evidence of tax payment by the recipient; revision was therefore not sustainable. On the fixed-deposit interest issue, the alleged understatement was reconciled by the assessee and not established on the material before the Tribunal; revision was again not sustainable. The revisionary order was set aside and the assessee's appeal was allowed. en-us Thu, 11 Feb 2016 00:00:00 +0530 Wed, 30 Mar 2016 10:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325827 Section 263 revision requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. On the advertisement expenses issue, the Tribunal noted that the assessment had examined the record, part of the expenditure related to printed material outside TDS requirements, and the remaining item was supported by evidence of tax payment by the recipient; revision was therefore not sustainable. On the fixed-deposit interest issue, the alleged understatement was reconciled by the assessee and not established on the material before the Tribunal; revision was again not sustainable. The revisionary order was set aside and the assessee's appeal was allowed. Case-Laws Income Tax Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325827