https://www.taxtmi.com/caselaws?id=344847 Section 263 revision was held unsustainable where the Assessing Officer had already called for the joint venture agreement, loan details, construction expense workings, WIP statements and supporting documents, and the assessee had disclosed the relevant development-rights payment, expenditure heads and related records in audited accounts and the tax audit report. The record showed enquiry and application of mind, so the Commissioner could not revise the assessment merely because further enquiry was considered desirable. As the assessment view was plausible on the material before the Assessing Officer, the revisional order was cancelled and the assessment order restored. en-us Fri, 31 Mar 2017 00:00:00 +0530 Thu, 29 Jun 2017 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344847 Section 263 revision was held unsustainable where the Assessing Officer had already called for the joint venture agreement, loan details, construction expense workings, WIP statements and supporting documents, and the assessee had disclosed the relevant development-rights payment, expenditure heads and related records in audited accounts and the tax audit report. The record showed enquiry and application of mind, so the Commissioner could not revise the assessment merely because further enquiry was considered desirable. As the assessment view was plausible on the material before the Assessing Officer, the revisional order was cancelled and the assessment order restored. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344847