https://www.taxtmi.com/caselaws?id=762409 Revisional jurisdiction under section 263 was considered in relation to whether the Assessing Officer could rely on a Tribunal decision that was later reversed, and whether the order was therefore erroneous and prejudicial to the interests of revenue. The Supreme Court found no reason to interfere with the High Court's order and dismissed the special leave petition, leaving the revisional order undisturbed. The text reflects the principle that revisional power is assessed on the material available when the original order was passed, with later reversal of a precedent addressed in that context. en-us Wed, 27 Nov 2024 00:00:00 +0530 Wed, 29 Apr 2026 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762409 Revisional jurisdiction under section 263 was considered in relation to whether the Assessing Officer could rely on a Tribunal decision that was later reversed, and whether the order was therefore erroneous and prejudicial to the interests of revenue. The Supreme Court found no reason to interfere with the High Court's order and dismissed the special leave petition, leaving the revisional order undisturbed. The text reflects the principle that revisional power is assessed on the material available when the original order was passed, with later reversal of a precedent addressed in that context. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762409