https://www.taxtmi.com/caselaws?id=469845 Revision under section 263 cannot be sustained where the revisional authority does not decide the issue on merits and sets aside the assessment merely to keep the controversy alive. The Tribunal noted that the Principal Commissioner did not record a substantive finding on error and prejudice after considering the rival submissions and the record, but instead directed fresh consideration because a similar issue was pending challenge before the High Court. The revisionary orders were set aside and the matters were remitted for fresh adjudication in accordance with law after granting the assessee adequate opportunity of hearing. en-us Wed, 10 Sep 2025 00:00:00 +0530 Mon, 06 Jul 2026 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469845 Revision under section 263 cannot be sustained where the revisional authority does not decide the issue on merits and sets aside the assessment merely to keep the controversy alive. The Tribunal noted that the Principal Commissioner did not record a substantive finding on error and prejudice after considering the rival submissions and the record, but instead directed fresh consideration because a similar issue was pending challenge before the High Court. The revisionary orders were set aside and the matters were remitted for fresh adjudication in accordance with law after granting the assessee adequate opportunity of hearing. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469845