https://www.taxtmi.com/caselaws?id=786536 Revisionary power under Section 263 can be exercised only where the assessment order is shown to be erroneous and prejudicial to revenue; absent specific demonstration of error or inadequate inquiry by the Assessing Officer, revision is unsustainable. Deduction under section 80G for donations is not precluded by CSR obligations beyond the express statutory exclusions listed in the provision, so such deductions allowed by the Assessing Officer stand. Disallowance of interest under withholding provisions is not warranted where the interest was not claimed as an expense and Revenue produced no contrary material. The revisional order setting aside the assessment is therefore unsustainable on these issues. en-us Tue, 06 Jan 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786536 Revisionary power under Section 263 can be exercised only where the assessment order is shown to be erroneous and prejudicial to revenue; absent specific demonstration of error or inadequate inquiry by the Assessing Officer, revision is unsustainable. Deduction under section 80G for donations is not precluded by CSR obligations beyond the express statutory exclusions listed in the provision, so such deductions allowed by the Assessing Officer stand. Disallowance of interest under withholding provisions is not warranted where the interest was not claimed as an expense and Revenue produced no contrary material. The revisional order setting aside the assessment is therefore unsustainable on these issues. Case-Laws Income Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786536