https://www.taxtmi.com/caselaws?id=13302 The HC concluded that the Commissioner of Income-tax exceeded his jurisdiction by initiating revisional proceedings under section 263 based solely on an audit report without independent judgment. The court emphasized that the Commissioner must demonstrate that an order is both erroneous and prejudicial to the interests of the Revenue, not merely rely on an audit report. Additionally, since a rectification proceeding under section 154 had been dropped, revisiting the same facts under section 263 was improper. Consequently, the HC set aside and quashed the notice and order issued by the Commissioner. en-us Mon, 18 Dec 2006 00:00:00 +0530 Fri, 09 Feb 2024 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13302 The HC concluded that the Commissioner of Income-tax exceeded his jurisdiction by initiating revisional proceedings under section 263 based solely on an audit report without independent judgment. The court emphasized that the Commissioner must demonstrate that an order is both erroneous and prejudicial to the interests of the Revenue, not merely rely on an audit report. Additionally, since a rectification proceeding under section 154 had been dropped, revisiting the same facts under section 263 was improper. Consequently, the HC set aside and quashed the notice and order issued by the Commissioner. Case-Laws Income Tax Mon, 18 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13302