https://www.taxtmi.com/caselaws?id=789648 Section 263 revision requires the Principal Commissioner to independently verify and record how the assessment order is both erroneous and prejudicial to revenue. Mere suspicion that the Assessing Officer made an inadequate or casual inquiry is insufficient, especially where the assessee had already furnished relevant material during assessment and revision proceedings. Because no clear independent findings were recorded and no demonstrable error or prejudice was established, the revisional order could not be sustained and the assessment revision was quashed. en-us Thu, 12 Feb 2026 00:00:00 +0530 Sat, 11 Apr 2026 08:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789648 Section 263 revision requires the Principal Commissioner to independently verify and record how the assessment order is both erroneous and prejudicial to revenue. Mere suspicion that the Assessing Officer made an inadequate or casual inquiry is insufficient, especially where the assessee had already furnished relevant material during assessment and revision proceedings. Because no clear independent findings were recorded and no demonstrable error or prejudice was established, the revisional order could not be sustained and the assessment revision was quashed. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789648