https://www.taxtmi.com/caselaws?id=782637 Revision under section 263 of the Income-tax Act is not justified merely because the Principal Commissioner believes further inquiry was possible. Where the Assessing Officer issued detailed notices, examined seized material, considered the assessee's replies, and completed the assessment after approval under section 153D, the assessment reflects inquiry and supervisory scrutiny. In such circumstances, a revisional authority cannot replace a plausible view taken on the record with its own opinion or direct a fresh assessment on vague allegations. The revision order is therefore unsustainable. en-us Tue, 11 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782637 Revision under section 263 of the Income-tax Act is not justified merely because the Principal Commissioner believes further inquiry was possible. Where the Assessing Officer issued detailed notices, examined seized material, considered the assessee's replies, and completed the assessment after approval under section 153D, the assessment reflects inquiry and supervisory scrutiny. In such circumstances, a revisional authority cannot replace a plausible view taken on the record with its own opinion or direct a fresh assessment on vague allegations. The revision order is therefore unsustainable. Case-Laws Income Tax Tue, 11 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782637