https://www.taxtmi.com/caselaws?id=442846 Revision under section 263 cannot be sustained where the reassessment record shows that the Assessing Officer reopened the issue, raised specific queries, sought an affidavit from the third party, and considered the assessee's replies and supporting ledger and invoice material. On those facts, the assessment order reflected enquiry and application of mind, and the Principal Commissioner could not substitute a different view on adequacy of the examination without identifying a specific error causing prejudice to the revenue. The revisional order was therefore unsustainable. en-us Wed, 14 Jun 2023 00:00:00 +0530 Tue, 12 Sep 2023 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442846 Revision under section 263 cannot be sustained where the reassessment record shows that the Assessing Officer reopened the issue, raised specific queries, sought an affidavit from the third party, and considered the assessee's replies and supporting ledger and invoice material. On those facts, the assessment order reflected enquiry and application of mind, and the Principal Commissioner could not substitute a different view on adequacy of the examination without identifying a specific error causing prejudice to the revenue. The revisional order was therefore unsustainable. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442846