https://www.taxtmi.com/caselaws?id=11662 HC held the Commissioner was not justified in invoking section 263 because the twin conditions for reopening were not met. The Assessing Officer had considered survey material under section 133A, accepted the assessee's explanations and offers as reasonable, and there was evidence that amounts had been accounted for earlier in a prior block assessment. A purported admission in the survey statement was qualified and adequately explained; the AO's order was sustainable in law and not erroneous or prejudicial to Revenue. en-us Mon, 17 Feb 2003 00:00:00 +0530 Mon, 29 Sep 2025 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11662 HC held the Commissioner was not justified in invoking section 263 because the twin conditions for reopening were not met. The Assessing Officer had considered survey material under section 133A, accepted the assessee's explanations and offers as reasonable, and there was evidence that amounts had been accounted for earlier in a prior block assessment. A purported admission in the survey statement was qualified and adequately explained; the AO's order was sustainable in law and not erroneous or prejudicial to Revenue. Case-Laws Income Tax Mon, 17 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11662