https://www.taxtmi.com/caselaws?id=786656 A revision under section 263 of the Income-tax Act cannot disturb an assessment where the Assessing Officer conducted requisite enquiries, examined records (including Form 56F and audited statements), and recorded a reasoned decision on allocation of R&D expenditure between units eligible for deduction and non eligible units; accordingly the assessment is restored. Further, invocation of revisionary jurisdiction grounded substantially on an audit objection without independent application of mind by the revisionary authority vitiates the exercise of power under section 263; the revisionary order is quashed and the original assessment is reinstated. en-us Thu, 12 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786656 A revision under section 263 of the Income-tax Act cannot disturb an assessment where the Assessing Officer conducted requisite enquiries, examined records (including Form 56F and audited statements), and recorded a reasoned decision on allocation of R&D expenditure between units eligible for deduction and non eligible units; accordingly the assessment is restored. Further, invocation of revisionary jurisdiction grounded substantially on an audit objection without independent application of mind by the revisionary authority vitiates the exercise of power under section 263; the revisionary order is quashed and the original assessment is reinstated. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786656