https://www.taxtmi.com/caselaws?id=785556 Revisional jurisdiction under section 263 requires objective specific findings that an Assessing Officer's order is erroneous and prejudicial to revenue; mere subjective satisfaction or brief assessment is insufficient. Where the AO conducted enquiries, verified seized documents, recorded the assessee's statement and accepted detailed explanations, the revisional power cannot be exercised without specifying what further enquiries were necessary and adducing material showing error; consequently, the revisional order was set aside and the assessee's appeal allowed on those grounds. en-us Tue, 20 Jan 2026 00:00:00 +0530 Tue, 27 Jan 2026 07:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785556 Revisional jurisdiction under section 263 requires objective specific findings that an Assessing Officer's order is erroneous and prejudicial to revenue; mere subjective satisfaction or brief assessment is insufficient. Where the AO conducted enquiries, verified seized documents, recorded the assessee's statement and accepted detailed explanations, the revisional power cannot be exercised without specifying what further enquiries were necessary and adducing material showing error; consequently, the revisional order was set aside and the assessee's appeal allowed on those grounds. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785556