https://www.taxtmi.com/caselaws?id=467376 Delay of 2564 days in filing the appeal was condoned after finding bona fide and reasonable causes (prior remedies pursued, counsel's death, Covid limitation extension), and the appeal admitted. On the substantive point, revisional jurisdiction under section 263 may be invoked only if the assessing officer's order is shown to be erroneous (for lack of any enquiry, wrong application of law or facts, or breach of natural justice) and prejudicial to revenue; where documentary records show enquiries, notices, replies and supervisory approval and the AO adopted a plausible view, the revisional action is without jurisdiction and is set aside, restoring the original assessment. en-us Tue, 05 Nov 2024 00:00:00 +0530 Mon, 16 Mar 2026 19:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467376 Delay of 2564 days in filing the appeal was condoned after finding bona fide and reasonable causes (prior remedies pursued, counsel's death, Covid limitation extension), and the appeal admitted. On the substantive point, revisional jurisdiction under section 263 may be invoked only if the assessing officer's order is shown to be erroneous (for lack of any enquiry, wrong application of law or facts, or breach of natural justice) and prejudicial to revenue; where documentary records show enquiries, notices, replies and supervisory approval and the AO adopted a plausible view, the revisional action is without jurisdiction and is set aside, restoring the original assessment. Case-Laws Income Tax Tue, 05 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467376