https://www.taxtmi.com/caselaws?id=466979 The article examines whether a revision under Section 263 was valid where the assessing officer had in substance denied exemption under Section 11 but the tax computation sheet still recorded the assessee's Section 11 computation. It applies the legal standard that revision requires an assessment order to be both erroneous and prejudicial to revenue, and finds that anomaly in the computation is remediable under the rectification provision rather than by revision. Conclusion: the revision is unsustainable and is set aside, with the computation error open to correction under rectification procedure. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sun, 01 Mar 2026 09:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466979 The article examines whether a revision under Section 263 was valid where the assessing officer had in substance denied exemption under Section 11 but the tax computation sheet still recorded the assessee's Section 11 computation. It applies the legal standard that revision requires an assessment order to be both erroneous and prejudicial to revenue, and finds that anomaly in the computation is remediable under the rectification provision rather than by revision. Conclusion: the revision is unsustainable and is set aside, with the computation error open to correction under rectification procedure. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466979