https://www.taxtmi.com/caselaws?id=785946 The validity of revision proceedings under section 263 was addressed where the revisional authority initiated proceedings based solely on a proposal from the Assessing Officer; the tribunal followed a coordinate-bench precedent that such initiation is not in accordance with law and therefore the notice is liable to be quashed. The effect is that revisionary action founded only on an AO's proposal lacks lawful basis and will be set aside, resulting in allowance of the taxpayer's appeal in the reported instance. en-us Fri, 16 Jan 2026 00:00:00 +0530 Sun, 01 Feb 2026 15:42:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785946 The validity of revision proceedings under section 263 was addressed where the revisional authority initiated proceedings based solely on a proposal from the Assessing Officer; the tribunal followed a coordinate-bench precedent that such initiation is not in accordance with law and therefore the notice is liable to be quashed. The effect is that revisionary action founded only on an AO's proposal lacks lawful basis and will be set aside, resulting in allowance of the taxpayer's appeal in the reported instance. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785946