https://www.taxtmi.com/caselaws?id=21476 HC held the Tribunal erred in ruling the Commissioner could not invoke s.263 where two views exist on entitlement to weighted deduction under s.35B. The court found the Commissioner may revise an ITO's order if it is erroneous and prejudicial to Revenue, and that s.263 can be exercised even on debatable issues. Revisional power under s.263 is distinct from rectification under s.154, so the Tribunal's contrary conclusion was declared patently erroneous and illegal. en-us Mon, 02 Dec 1991 00:00:00 +0530 Fri, 24 Oct 2025 19:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21476 HC held the Tribunal erred in ruling the Commissioner could not invoke s.263 where two views exist on entitlement to weighted deduction under s.35B. The court found the Commissioner may revise an ITO's order if it is erroneous and prejudicial to Revenue, and that s.263 can be exercised even on debatable issues. Revisional power under s.263 is distinct from rectification under s.154, so the Tribunal's contrary conclusion was declared patently erroneous and illegal. Case-Laws Income Tax Mon, 02 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21476