https://www.taxtmi.com/caselaws?id=468664 Revision under section 263 requires the revisional authority to record a clear, reasoned finding that the assessment order is both erroneous and prejudicial to the interests of the Revenue. Mere reproduction of the show-cause notice, or the assessee's non-response to it, does not satisfy this jurisdictional test or replace a merits-based determination. As the impugned order failed to contain the necessary twin findings, the revisionary order was held unsustainable and was set aside, leaving the assessment undisturbed in favour of the assessee. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 15 May 2026 20:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468664 Revision under section 263 requires the revisional authority to record a clear, reasoned finding that the assessment order is both erroneous and prejudicial to the interests of the Revenue. Mere reproduction of the show-cause notice, or the assessee's non-response to it, does not satisfy this jurisdictional test or replace a merits-based determination. As the impugned order failed to contain the necessary twin findings, the revisionary order was held unsustainable and was set aside, leaving the assessment undisturbed in favour of the assessee. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468664