https://www.taxtmi.com/caselaws?id=22820 HC quashed the Commissioner's show-cause notice issued u/s 263 seeking revision of the assessment. The Assessing Officer had followed an earlier HC ruling in the same assessee's case, holding that only one-third of the partnership share income was assessable in the assessee's hands and the remaining two-thirds in the hands of spouse and minor son. HC held that an assessment order made in conformity with a binding HC decision cannot be termed "erroneous" under s.263, even if that decision is under appeal before SC. Since the first statutory condition (erroneous order) failed, exercise of revisional jurisdiction u/s 263 was held unsustainable. en-us Fri, 11 Jan 1991 00:00:00 +0530 Wed, 10 Dec 2025 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22820 HC quashed the Commissioner's show-cause notice issued u/s 263 seeking revision of the assessment. The Assessing Officer had followed an earlier HC ruling in the same assessee's case, holding that only one-third of the partnership share income was assessable in the assessee's hands and the remaining two-thirds in the hands of spouse and minor son. HC held that an assessment order made in conformity with a binding HC decision cannot be termed "erroneous" under s.263, even if that decision is under appeal before SC. Since the first statutory condition (erroneous order) failed, exercise of revisional jurisdiction u/s 263 was held unsustainable. Case-Laws Income Tax Fri, 11 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22820