https://www.taxtmi.com/caselaws?id=433610 Revisional jurisdiction under section 263 cannot be used where the Assessing Officer has made enquiries, examined the deduction claim, and adopted one of the possible views. A mere allegation of inadequate inquiry is insufficient; only a complete absence of inquiry can justify revision when the assessment is both erroneous and prejudicial to the interests of the Revenue. On the facts, the assessee had furnished supporting documents and the assessment was made after examination of the section 54 claim, so the revisional order amounted to a re-appraisal of the same material. The revision was therefore held unsustainable and the assessment was restored. en-us Thu, 02 Feb 2023 00:00:00 +0530 Sat, 04 Feb 2023 08:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433610 Revisional jurisdiction under section 263 cannot be used where the Assessing Officer has made enquiries, examined the deduction claim, and adopted one of the possible views. A mere allegation of inadequate inquiry is insufficient; only a complete absence of inquiry can justify revision when the assessment is both erroneous and prejudicial to the interests of the Revenue. On the facts, the assessee had furnished supporting documents and the assessment was made after examination of the section 54 claim, so the revisional order amounted to a re-appraisal of the same material. The revision was therefore held unsustainable and the assessment was restored. Case-Laws Income Tax Thu, 02 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433610