https://www.taxtmi.com/caselaws?id=790551 Principal Commissioner's revision under section 263 was upheld where the assessment was found to have been completed without the enquiries and verifications required for a complete scrutiny assessment. General requisitions and routine compliance were insufficient because there was no meaningful examination of losses, the sharp increase in expenses, related-party payments, or the tax deduction at source disallowance issues. The omission was treated as a failure to apply mind, satisfying both error and prejudice to the Revenue under Explanation 2 to section 263. The assessee's challenge failed. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790551 Principal Commissioner's revision under section 263 was upheld where the assessment was found to have been completed without the enquiries and verifications required for a complete scrutiny assessment. General requisitions and routine compliance were insufficient because there was no meaningful examination of losses, the sharp increase in expenses, related-party payments, or the tax deduction at source disallowance issues. The omission was treated as a failure to apply mind, satisfying both error and prejudice to the Revenue under Explanation 2 to section 263. The assessee's challenge failed. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790551