https://www.taxtmi.com/caselaws?id=787933 Revisional review under the tax code was challenged on whether the assessing officer conducted requisite enquiries and verifications before accepting nil long term capital gains computed under the prescribed computation method. The revisional authority made a conclusory finding of failure to verify without identifying specific errors or demonstrating that the assessment was erroneous and prejudicial to revenue; it also did not show consideration of submitted annexures and reconciliations. For lack of identified error and absence of demonstration that conditions for revisional jurisdiction were met, the revisional order was set aside and the original assessment restored. en-us Mon, 02 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787933 Revisional review under the tax code was challenged on whether the assessing officer conducted requisite enquiries and verifications before accepting nil long term capital gains computed under the prescribed computation method. The revisional authority made a conclusory finding of failure to verify without identifying specific errors or demonstrating that the assessment was erroneous and prejudicial to revenue; it also did not show consideration of submitted annexures and reconciliations. For lack of identified error and absence of demonstration that conditions for revisional jurisdiction were met, the revisional order was set aside and the original assessment restored. Case-Laws Income Tax Mon, 02 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787933