https://www.taxtmi.com/caselaws?id=789512 Section 263 revisional power can extend to a block assessment under Section 158BC read with Section 143(3) where the order is erroneous and prejudicial to the Revenue. A return filed after search and after the due date does not make the income disclosed therein immune from block assessment merely because advance tax was paid, since advance tax is only an estimate of current income. On freight suppression, deletion of the addition was held unsustainable because the assumption of corresponding unaccounted expenditure was perverse. The deletion of lorry hire charges was sustained under the mercantile system, and the token booking income issue remained remanded for fresh consideration. en-us Tue, 07 Apr 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789512 Section 263 revisional power can extend to a block assessment under Section 158BC read with Section 143(3) where the order is erroneous and prejudicial to the Revenue. A return filed after search and after the due date does not make the income disclosed therein immune from block assessment merely because advance tax was paid, since advance tax is only an estimate of current income. On freight suppression, deletion of the addition was held unsustainable because the assumption of corresponding unaccounted expenditure was perverse. The deletion of lorry hire charges was sustained under the mercantile system, and the token booking income issue remained remanded for fresh consideration. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789512