https://www.taxtmi.com/caselaws?id=793750 Revision under section 263 was held unsustainable where the Assessing Officer had raised specific scrutiny queries on the assessee trust's advance to a related person, the proposed property purchase, supporting documents, and compliance matters, and the assessee had replied with documents during assessment. On those facts, the assessment could not be treated as lacking enquiry. The revisional authority could not invoke section 263 merely because a different inference from the same material was possible; proper enquiry and adoption of a possible view by the Assessing Officer defeated the claim that the order was both erroneous and prejudicial to the interests of the Revenue. The revision was therefore quashed. en-us Fri, 19 Jun 2026 00:00:00 +0530 Tue, 23 Jun 2026 08:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793750 Revision under section 263 was held unsustainable where the Assessing Officer had raised specific scrutiny queries on the assessee trust's advance to a related person, the proposed property purchase, supporting documents, and compliance matters, and the assessee had replied with documents during assessment. On those facts, the assessment could not be treated as lacking enquiry. The revisional authority could not invoke section 263 merely because a different inference from the same material was possible; proper enquiry and adoption of a possible view by the Assessing Officer defeated the claim that the order was both erroneous and prejudicial to the interests of the Revenue. The revision was therefore quashed. Case-Laws Income Tax Fri, 19 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793750