https://www.taxtmi.com/caselaws?id=791092 Section 263 revision is not sustainable where the assessment record shows that the Assessing Officer raised specific queries on the balance written off claim and the assessee furnished replies with supporting details. A revisional authority cannot invoke Explanation 2 to section 263 merely on a general allegation that further verification should have been made. Revision requires material showing both error in the assessment order and prejudice to the interests of revenue; a bare assertion of insufficient inquiry is not enough without evidence that additional verification would have changed the result. en-us Wed, 25 Mar 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791092 Section 263 revision is not sustainable where the assessment record shows that the Assessing Officer raised specific queries on the balance written off claim and the assessee furnished replies with supporting details. A revisional authority cannot invoke Explanation 2 to section 263 merely on a general allegation that further verification should have been made. Revision requires material showing both error in the assessment order and prejudice to the interests of revenue; a bare assertion of insufficient inquiry is not enough without evidence that additional verification would have changed the result. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791092