https://www.taxtmi.com/caselaws?id=462913 The ITAT Delhi held that the revision under section 263 was unsustainable as the revisional authority relied solely on audit objections without conducting an independent inquiry into the assessment record. The order under section 263 merely reproduced audit objections without demonstrating that these objections formed part of the assessment record or that the revisional authority applied independent mind. Since reliance on extraneous audit objections is beyond the scope of section 263, the revisional order was quashed for exceeding jurisdiction. The appeals of the assessee were allowed and the impugned order set aside. en-us Wed, 23 Nov 2022 00:00:00 +0530 Thu, 24 Jul 2025 10:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462913 The ITAT Delhi held that the revision under section 263 was unsustainable as the revisional authority relied solely on audit objections without conducting an independent inquiry into the assessment record. The order under section 263 merely reproduced audit objections without demonstrating that these objections formed part of the assessment record or that the revisional authority applied independent mind. Since reliance on extraneous audit objections is beyond the scope of section 263, the revisional order was quashed for exceeding jurisdiction. The appeals of the assessee were allowed and the impugned order set aside. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462913