https://www.taxtmi.com/caselaws?id=15438 HC upheld the Commissioner's exercise of jurisdiction under s.263, holding the assessing officer's orders were erroneous and prejudicial to Revenue. The court found the Commissioner need not examine every item in detail, may rely on records and internal audit findings (which are not binding) and properly applied his mind before revising assessments. Association of a higher official in draft assessment did not oust revisional power. The Tribunal erred in holding lack of jurisdiction; the Commissioner validly assumed and exercised revisionary powers. en-us Thu, 30 Apr 1998 00:00:00 +0530 Fri, 10 Oct 2025 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15438 HC upheld the Commissioner's exercise of jurisdiction under s.263, holding the assessing officer's orders were erroneous and prejudicial to Revenue. The court found the Commissioner need not examine every item in detail, may rely on records and internal audit findings (which are not binding) and properly applied his mind before revising assessments. Association of a higher official in draft assessment did not oust revisional power. The Tribunal erred in holding lack of jurisdiction; the Commissioner validly assumed and exercised revisionary powers. Case-Laws Income Tax Thu, 30 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15438