https://www.taxtmi.com/caselaws?id=793882 A revision under section 263 was sustained where the assessment record showed no specific inquiry or verification on the section 54B claim and the alleged excess evaporation loss of petrol and diesel. A mere call for details, without meaningful examination or follow-up verification, was treated as insufficient. The note states that this attracted Explanation 2(a) to section 263, under which an assessment made without the inquiries or verifications that should have been made is deemed erroneous and prejudicial to the Revenue. The plea of change of opinion was rejected because the record did not show application of mind to the specific issues. en-us Wed, 03 Jun 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793882 A revision under section 263 was sustained where the assessment record showed no specific inquiry or verification on the section 54B claim and the alleged excess evaporation loss of petrol and diesel. A mere call for details, without meaningful examination or follow-up verification, was treated as insufficient. The note states that this attracted Explanation 2(a) to section 263, under which an assessment made without the inquiries or verifications that should have been made is deemed erroneous and prejudicial to the Revenue. The plea of change of opinion was rejected because the record did not show application of mind to the specific issues. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793882