https://www.taxtmi.com/caselaws?id=785278 Revision under section 263 was examined on four issues: difference on account of professional and technical fees was found unsupported as the assessing officer had raised queries and the assessee filed replies and documents, therefore the revisional finding was unsustainable. Addition relating to sundry creditors was factually incorrect because a debit balance in trade receivables could not be prejudicial to revenue and the revisional order was unsustainable. Addition of notional interest recognised under Ind AS lacked any reconciliation defect against tax records and the revisional finding was unsustainable. Stock valuation was held to require further inquiry on valuation method and consistency (cost versus net realisable value) and the revisional direction on stock valuation was upheld. en-us Mon, 15 Dec 2025 00:00:00 +0530 Wed, 21 Jan 2026 08:41:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785278 Revision under section 263 was examined on four issues: difference on account of professional and technical fees was found unsupported as the assessing officer had raised queries and the assessee filed replies and documents, therefore the revisional finding was unsustainable. Addition relating to sundry creditors was factually incorrect because a debit balance in trade receivables could not be prejudicial to revenue and the revisional order was unsustainable. Addition of notional interest recognised under Ind AS lacked any reconciliation defect against tax records and the revisional finding was unsustainable. Stock valuation was held to require further inquiry on valuation method and consistency (cost versus net realisable value) and the revisional direction on stock valuation was upheld. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785278