https://www.taxtmi.com/caselaws?id=310837 Section 263(1) revision is available only when an assessment order is both erroneous and prejudicial to the interests of the revenue; an order passed without proper inquiry or application of mind meets that standard. On the facts stated, the Commissioner's revisional jurisdiction was validly exercised. The receipt of Rs. 3,66,649 was also held to be unsupported as agricultural income, because the material did not show any agricultural operation giving rise to it. It was therefore treated as income from other sources, and the challenge to the revision order and the revenue assessment failed. en-us Thu, 10 Feb 2000 00:00:00 +0530 Tue, 21 Nov 2023 10:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310837 Section 263(1) revision is available only when an assessment order is both erroneous and prejudicial to the interests of the revenue; an order passed without proper inquiry or application of mind meets that standard. On the facts stated, the Commissioner's revisional jurisdiction was validly exercised. The receipt of Rs. 3,66,649 was also held to be unsupported as agricultural income, because the material did not show any agricultural operation giving rise to it. It was therefore treated as income from other sources, and the challenge to the revision order and the revenue assessment failed. Case-Laws Income Tax Thu, 10 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310837