https://www.taxtmi.com/caselaws?id=27630 The court ruled that for the Commissioner of Income Tax to invoke revision power under section 263, an assessment order must be both erroneous and prejudicial to Revenue. As the order in question was found to be erroneous but not prejudicial to the assessee, the Commissioner could not correct it. Consequently, the notices and final order based on the assessment were quashed, with each party bearing their own costs. en-us Mon, 19 Mar 1984 00:00:00 +0530 Mon, 15 Feb 2010 11:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27630 The court ruled that for the Commissioner of Income Tax to invoke revision power under section 263, an assessment order must be both erroneous and prejudicial to Revenue. As the order in question was found to be erroneous but not prejudicial to the assessee, the Commissioner could not correct it. Consequently, the notices and final order based on the assessment were quashed, with each party bearing their own costs. Case-Laws Income Tax Mon, 19 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27630