https://www.taxtmi.com/caselaws?id=463513 Revisional jurisdiction under section 263 was sustained where the Tribunal found that the assessment had not properly examined the nature of the land, the assessee's entitlement to deduction under section 54B, and other relevant facts. Applying the settled test that revision is permissible only when an order is both erroneous and prejudicial to the interests of the revenue, the Tribunal upheld remand for de novo adjudication and directed the fresh authority to decide independently, uninfluenced by its observations. The High Court found those safeguards adequate and declined interference, noting that no substantial question of law arose. en-us Mon, 29 Nov 2021 00:00:00 +0530 Thu, 04 Sep 2025 19:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463513 Revisional jurisdiction under section 263 was sustained where the Tribunal found that the assessment had not properly examined the nature of the land, the assessee's entitlement to deduction under section 54B, and other relevant facts. Applying the settled test that revision is permissible only when an order is both erroneous and prejudicial to the interests of the revenue, the Tribunal upheld remand for de novo adjudication and directed the fresh authority to decide independently, uninfluenced by its observations. The High Court found those safeguards adequate and declined interference, noting that no substantial question of law arose. Case-Laws Income Tax Mon, 29 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463513