https://www.taxtmi.com/caselaws?id=785359 Challenge concerns whether a revisional order under section 263 can be sustained where the assessment had been completed after obtaining prior approval for action under special assessment provisions; the tribunal held that where the Assessing Officer completed assessment following prior approval, the Commissioners invocation of section 263 exceeded statutory scope and could not independently declare the assessment erroneous and prejudicial to revenue, resulting in quashing of the section 263 order and allowing the assessees appeal. en-us Wed, 31 Dec 2025 00:00:00 +0530 Thu, 22 Jan 2026 08:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785359 Challenge concerns whether a revisional order under section 263 can be sustained where the assessment had been completed after obtaining prior approval for action under special assessment provisions; the tribunal held that where the Assessing Officer completed assessment following prior approval, the Commissioners invocation of section 263 exceeded statutory scope and could not independently declare the assessment erroneous and prejudicial to revenue, resulting in quashing of the section 263 order and allowing the assessees appeal. Case-Laws Income Tax Wed, 31 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785359