https://www.taxtmi.com/caselaws?id=349841 Section 263 revision was held unsustainable where the assessment had been completed and was unabated on the date of search, and the issues sought to be disturbed were not supported by incriminating material. Materials relied on by the revisional authority were already part of the regular books or otherwise non-incriminating, and the matters had been examined in the earlier assessment proceedings. In the absence of fresh incriminating material, the completed section 153A assessment could not be treated as erroneous and prejudicial to the interests of the revenue. The revisional order was quashed and the assessee's challenge succeeded. en-us Tue, 17 Oct 2017 00:00:00 +0530 Thu, 26 Oct 2017 08:37:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349841 Section 263 revision was held unsustainable where the assessment had been completed and was unabated on the date of search, and the issues sought to be disturbed were not supported by incriminating material. Materials relied on by the revisional authority were already part of the regular books or otherwise non-incriminating, and the matters had been examined in the earlier assessment proceedings. In the absence of fresh incriminating material, the completed section 153A assessment could not be treated as erroneous and prejudicial to the interests of the revenue. The revisional order was quashed and the assessee's challenge succeeded. Case-Laws Income Tax Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349841