https://www.taxtmi.com/caselaws?id=309967 Revision under section 263 is not sustainable where the assessment order is based on enquiries made by the Assessing Officer and reflects one of the possible plausible views, since a different opinion or a desire for deeper enquiry does not by itself establish error and prejudice to revenue. Disallowance under section 37(1) for expenditure alleged to be for a prohibited purpose requires proof that the expenditure itself was incurred for an offence or a purpose barred by law; a mere presumption is insufficient. On the stated facts, advertisement and publicity expenses could not be disallowed on that basis, and the original assessments were restored. en-us Fri, 28 Jan 2022 00:00:00 +0530 Thu, 28 Sep 2023 21:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309967 Revision under section 263 is not sustainable where the assessment order is based on enquiries made by the Assessing Officer and reflects one of the possible plausible views, since a different opinion or a desire for deeper enquiry does not by itself establish error and prejudice to revenue. Disallowance under section 37(1) for expenditure alleged to be for a prohibited purpose requires proof that the expenditure itself was incurred for an offence or a purpose barred by law; a mere presumption is insufficient. On the stated facts, advertisement and publicity expenses could not be disallowed on that basis, and the original assessments were restored. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309967