https://www.taxtmi.com/caselaws?id=788518 Where an assessee had returned income under the presumptive scheme in section 44AD, revision under section 263 was held to be unavailable to reopen factual inquiries intrinsic to that statutory regime. The Tribunal noted that section 44AD dispenses with maintenance of books for the relevant year and that revisional power must remain within the limits of lawful jurisdiction. Since the Principal Commissioner sought to substitute a different view despite the assessee's valid reliance on section 44AD, the revisional order was held to be without requisite jurisdiction and was quashed in favour of the assessee. en-us Fri, 20 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788518 Where an assessee had returned income under the presumptive scheme in section 44AD, revision under section 263 was held to be unavailable to reopen factual inquiries intrinsic to that statutory regime. The Tribunal noted that section 44AD dispenses with maintenance of books for the relevant year and that revisional power must remain within the limits of lawful jurisdiction. Since the Principal Commissioner sought to substitute a different view despite the assessee's valid reliance on section 44AD, the revisional order was held to be without requisite jurisdiction and was quashed in favour of the assessee. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788518