https://www.taxtmi.com/caselaws?id=341846 Revision under section 263 is limited to orders that are both erroneous and prejudicial to the interests of the Revenue. Where the Assessing Officer issued notices, examined audited accounts, bank statements, confirmations, creditor and debtor details, and other relevant material before completing assessment under section 143(3), the Commissioner cannot invoke revision merely because a deeper or more extensive enquiry is thought desirable. The distinction between absence of enquiry and inadequate enquiry remains decisive: if enquiry was made and one permissible view was taken, revision cannot be used to order a fresh roving investigation or substitute another opinion unless the assessment is shown to be unsustainable in law. en-us Thu, 13 Apr 2017 00:00:00 +0530 Thu, 25 Sep 2025 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341846 Revision under section 263 is limited to orders that are both erroneous and prejudicial to the interests of the Revenue. Where the Assessing Officer issued notices, examined audited accounts, bank statements, confirmations, creditor and debtor details, and other relevant material before completing assessment under section 143(3), the Commissioner cannot invoke revision merely because a deeper or more extensive enquiry is thought desirable. The distinction between absence of enquiry and inadequate enquiry remains decisive: if enquiry was made and one permissible view was taken, revision cannot be used to order a fresh roving investigation or substitute another opinion unless the assessment is shown to be unsustainable in law. Case-Laws Income Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341846