https://www.taxtmi.com/caselaws?id=787511 Whether the revisionary order setting aside a completed assessment was justified: the tribunal examined whether the assessing officer conducted requisite enquiries and verification after search-linked notices and completed assessment at returned income. Relying on the explanation to the revision provision, the revenue urged lack of verification; the record, however, shows specific queries, examination of bank and property documents and related-party loan details by the assessing officer, and no identification of an assessment error prejudicial to revenue. Consequently the revision order was quashed and the appeal allowed in favour of the assessee. en-us Thu, 29 Jan 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787511 Whether the revisionary order setting aside a completed assessment was justified: the tribunal examined whether the assessing officer conducted requisite enquiries and verification after search-linked notices and completed assessment at returned income. Relying on the explanation to the revision provision, the revenue urged lack of verification; the record, however, shows specific queries, examination of bank and property documents and related-party loan details by the assessing officer, and no identification of an assessment error prejudicial to revenue. Consequently the revision order was quashed and the appeal allowed in favour of the assessee. Case-Laws Income Tax Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787511