https://www.taxtmi.com/caselaws?id=20730 Bombay HC upheld Tribunal's decision setting aside Commissioner's order under section 263. Commissioner initiated revision proceedings regarding plant re-layout expenses deduction but failed to establish that the original assessment was erroneous and prejudicial to Revenue. The Commissioner merely directed re-examination without first concluding the expenditure was capital rather than revenue in nature. Court held that statutory power under section 263 requires objective determination of error before directing fresh inquiry. The revision order was invalid as Commissioner lacked proper basis to set aside the original assessment. en-us Thu, 15 Apr 1993 00:00:00 +0530 Wed, 05 Mar 2025 16:59:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20730 Bombay HC upheld Tribunal's decision setting aside Commissioner's order under section 263. Commissioner initiated revision proceedings regarding plant re-layout expenses deduction but failed to establish that the original assessment was erroneous and prejudicial to Revenue. The Commissioner merely directed re-examination without first concluding the expenditure was capital rather than revenue in nature. Court held that statutory power under section 263 requires objective determination of error before directing fresh inquiry. The revision order was invalid as Commissioner lacked proper basis to set aside the original assessment. Case-Laws Income Tax Thu, 15 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20730