https://www.taxtmi.com/caselaws?id=789329 Where reassessment was initiated on the alleged taxability of notional annual letting value on unsold flats, the Assessing Officer was required to conduct a focused enquiry on that specific issue. A reassessment order that merely recites issuance of notices and receipt of replies, without discussion, verification, analysis, or a finding on the escapement point, reflects lack of enquiry rather than inadequate enquiry. In such circumstances, Explanation 2(a) to section 263 treats the order as erroneous and prejudicial to the interests of the Revenue, so the Principal Commissioner may validly invoke revisionary jurisdiction. The revisional order was therefore sustained and the assessee's challenge failed. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 07 Apr 2026 07:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789329 Where reassessment was initiated on the alleged taxability of notional annual letting value on unsold flats, the Assessing Officer was required to conduct a focused enquiry on that specific issue. A reassessment order that merely recites issuance of notices and receipt of replies, without discussion, verification, analysis, or a finding on the escapement point, reflects lack of enquiry rather than inadequate enquiry. In such circumstances, Explanation 2(a) to section 263 treats the order as erroneous and prejudicial to the interests of the Revenue, so the Principal Commissioner may validly invoke revisionary jurisdiction. The revisional order was therefore sustained and the assessee's challenge failed. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789329