https://www.taxtmi.com/caselaws?id=430230 Section 263 revision is not justified where the assessment record shows inquiry and application of mind on the disputed issues, even if the assessment order is brief. The assessee had furnished explanations and supporting material for disputed credit card receipts, labour payments through sardars, and advertisement / payments, including bank statements, bills, vouchers, ledger accounts and written replies. On that record, the Tribunal found that the Commissioner had not demonstrated a clear lack of inquiry or an error causing prejudice to revenue, and could not revise the assessment merely because a different view was preferred or the discussion appeared inadequate. The revisional order was therefore quashed and the assessment revision set aside. en-us Tue, 30 Aug 2022 00:00:00 +0530 Mon, 14 Nov 2022 22:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430230 Section 263 revision is not justified where the assessment record shows inquiry and application of mind on the disputed issues, even if the assessment order is brief. The assessee had furnished explanations and supporting material for disputed credit card receipts, labour payments through sardars, and advertisement / payments, including bank statements, bills, vouchers, ledger accounts and written replies. On that record, the Tribunal found that the Commissioner had not demonstrated a clear lack of inquiry or an error causing prejudice to revenue, and could not revise the assessment merely because a different view was preferred or the discussion appeared inadequate. The revisional order was therefore quashed and the assessment revision set aside. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430230