https://www.taxtmi.com/caselaws?id=397011 Revision under section 263 of the Income-tax Act was held justified because the Assessing Officer did not verify a material mismatch between gross receipts shown in the books and those reflected in Form 26AS. Although queries were raised on TDS credit, reconciliation and work contracts, there was no specific enquiry or application of mind on the receipt discrepancy. An assessment order passed without enquiry on a material issue is erroneous and prejudicial to the interests of the revenue, so the Commissioner's revisional action was sustained and the assessee's challenge failed. en-us Mon, 01 Jun 2020 00:00:00 +0530 Tue, 05 Nov 2024 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397011 Revision under section 263 of the Income-tax Act was held justified because the Assessing Officer did not verify a material mismatch between gross receipts shown in the books and those reflected in Form 26AS. Although queries were raised on TDS credit, reconciliation and work contracts, there was no specific enquiry or application of mind on the receipt discrepancy. An assessment order passed without enquiry on a material issue is erroneous and prejudicial to the interests of the revenue, so the Commissioner's revisional action was sustained and the assessee's challenge failed. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397011