https://www.taxtmi.com/caselaws?id=792892 Revision under section 263 was unsustainable because the Assessing Officer had issued queries, sought details and explanations, and examined the material before accepting the return. Explanation 2 to section 263 permits revision for lack of enquiry or verification on a material issue, but that prerequisite was not established here. The revisionary order relied on broad assertions of inadequate enquiry without identifying specific lapses with precision, so the assessment could not be set aside for de novo examination on a blanket basis. The ITAT therefore quashed the revisionary order. en-us Fri, 15 May 2026 00:00:00 +0530 Wed, 03 Jun 2026 18:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792892 Revision under section 263 was unsustainable because the Assessing Officer had issued queries, sought details and explanations, and examined the material before accepting the return. Explanation 2 to section 263 permits revision for lack of enquiry or verification on a material issue, but that prerequisite was not established here. The revisionary order relied on broad assertions of inadequate enquiry without identifying specific lapses with precision, so the assessment could not be set aside for de novo examination on a blanket basis. The ITAT therefore quashed the revisionary order. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792892