https://www.taxtmi.com/caselaws?id=757228 Where an assessment failed to apply the presumptive taxation scheme for eligible professional income under section 44ADA and did not tax surrendered income under section 115BBE, the Punjab and Haryana HC treated the order as erroneous and prejudicial to the interests of the revenue. On that basis, the jurisdictional conditions for revision under section 263 were satisfied, and the revisional intervention was upheld. The stated principle is that non-compliance with the mandatory tax treatment of presumptive professional receipts and surrendered income can justify revision where the assessment order is both erroneous and revenue-prejudicial. en-us Thu, 25 Jul 2024 00:00:00 +0530 Sat, 20 Sep 2025 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757228 Where an assessment failed to apply the presumptive taxation scheme for eligible professional income under section 44ADA and did not tax surrendered income under section 115BBE, the Punjab and Haryana HC treated the order as erroneous and prejudicial to the interests of the revenue. On that basis, the jurisdictional conditions for revision under section 263 were satisfied, and the revisional intervention was upheld. The stated principle is that non-compliance with the mandatory tax treatment of presumptive professional receipts and surrendered income can justify revision where the assessment order is both erroneous and revenue-prejudicial. Case-Laws Income Tax Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757228