https://www.taxtmi.com/caselaws?id=780151 ITAT, CHD held that revision under s.263 was unsustainable because the AO had examined the assessee's explanations and adopted one of the possible views; absence of elaborate discussion in the assessment order did not render it "erroneous and prejudicial." The Pr. CIT failed to show how non-examination of newly asserted aspects made the order erroneous and prejudicial to revenue. Consequently the s.263 revision was quashed, the original assessment by the AO was restored, and the appeal was allowed. en-us Wed, 08 Oct 2025 00:00:00 +0530 Fri, 24 Oct 2025 09:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780151 ITAT, CHD held that revision under s.263 was unsustainable because the AO had examined the assessee's explanations and adopted one of the possible views; absence of elaborate discussion in the assessment order did not render it "erroneous and prejudicial." The Pr. CIT failed to show how non-examination of newly asserted aspects made the order erroneous and prejudicial to revenue. Consequently the s.263 revision was quashed, the original assessment by the AO was restored, and the appeal was allowed. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780151