https://www.taxtmi.com/caselaws?id=5786 Section 263(1) revisional jurisdiction is available only where the assessment order is both erroneous and prejudicial to the interests of the Revenue; an order passed without inquiry or application of mind, leading to lawful tax escaping assessment, satisfies that test and may be revised. On the facts, the Assessing Officer accepted the claim without supporting material, so the Commissioner validly revised the assessment. The receipt of Rs. 3,66,649 was not shown to arise from agricultural operations or to retain agricultural character; it was taxable as income from other sources. The Revenue's position was therefore upheld on both issues. en-us Thu, 10 Feb 2000 00:00:00 +0530 Thu, 29 May 2025 15:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5786 Section 263(1) revisional jurisdiction is available only where the assessment order is both erroneous and prejudicial to the interests of the Revenue; an order passed without inquiry or application of mind, leading to lawful tax escaping assessment, satisfies that test and may be revised. On the facts, the Assessing Officer accepted the claim without supporting material, so the Commissioner validly revised the assessment. The receipt of Rs. 3,66,649 was not shown to arise from agricultural operations or to retain agricultural character; it was taxable as income from other sources. The Revenue's position was therefore upheld on both issues. Case-Laws Income Tax Thu, 10 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5786