https://www.taxtmi.com/caselaws?id=457240 Section 263 revision cannot be invoked merely to substitute one view for another. Where the assessee had produced purchase and sales details, audited books of account and quantity particulars, and the revenue failed to show any discrepancy in the material relied on, the assessment order was not established to be erroneous and prejudicial to the interests of the revenue. On those facts, the revisional assumption of jurisdiction was invalid and no substantial question of law arose. en-us Wed, 13 Jul 2022 00:00:00 +0530 Thu, 12 Sep 2024 20:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457240 Section 263 revision cannot be invoked merely to substitute one view for another. Where the assessee had produced purchase and sales details, audited books of account and quantity particulars, and the revenue failed to show any discrepancy in the material relied on, the assessment order was not established to be erroneous and prejudicial to the interests of the revenue. On those facts, the revisional assumption of jurisdiction was invalid and no substantial question of law arose. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457240