https://www.taxtmi.com/caselaws?id=24264 HC held that the Commissioner exceeded revisional jurisdiction under section 263 by failing to form a firm opinion that the Income-tax Officer's order was erroneous and prejudicial to Revenue. The Commissioner merely noted points for consideration and directed a fresh assessment without articulating why the original order was erroneous. The Tribunal correctly quashed the Commissioner's order. The appeal is decided in favour of the assessee, with no order as to costs. en-us Wed, 01 Feb 1989 00:00:00 +0530 Tue, 28 Oct 2025 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24264 HC held that the Commissioner exceeded revisional jurisdiction under section 263 by failing to form a firm opinion that the Income-tax Officer's order was erroneous and prejudicial to Revenue. The Commissioner merely noted points for consideration and directed a fresh assessment without articulating why the original order was erroneous. The Tribunal correctly quashed the Commissioner's order. The appeal is decided in favour of the assessee, with no order as to costs. Case-Laws Income Tax Wed, 01 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24264