https://www.taxtmi.com/caselaws?id=463508 Section 263 revision cannot be sustained where the Assessing Officer made enquiries on the land transaction and the section 54B claim, obtained replies and supporting documents, and adopted a plausible view on the facts. The record showed notices on the sale deed, purchase deed, agricultural operations, crop details, agricultural expenses, and the basis of exemption, so the assessment was not one made without enquiry. The revisionary authority could not replace that view merely because a deeper enquiry was considered desirable. As the twin requirements of error and prejudice to the revenue were not established, the principal commissioner's revisionary order was set aside and the original assessment restored. en-us Mon, 17 Apr 2023 00:00:00 +0530 Thu, 04 Sep 2025 19:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463508 Section 263 revision cannot be sustained where the Assessing Officer made enquiries on the land transaction and the section 54B claim, obtained replies and supporting documents, and adopted a plausible view on the facts. The record showed notices on the sale deed, purchase deed, agricultural operations, crop details, agricultural expenses, and the basis of exemption, so the assessment was not one made without enquiry. The revisionary authority could not replace that view merely because a deeper enquiry was considered desirable. As the twin requirements of error and prejudice to the revenue were not established, the principal commissioner's revisionary order was set aside and the original assessment restored. Case-Laws Income Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463508