https://www.taxtmi.com/caselaws?id=794626 The revisional order under section 263 had to be judged only on the material existing when that order was made, so the Tribunal could not rely on a later assessment order passed pursuant to the revisional direction to justify the original assumption of jurisdiction. A hindsight-based review of the revisional action was impermissible where the validity of section 263 itself was under challenge. The impugned order was quashed and the Tribunal was directed to hear the appeal afresh; the question was answered in favour of the assessee and against the revenue. en-us Mon, 29 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794626 The revisional order under section 263 had to be judged only on the material existing when that order was made, so the Tribunal could not rely on a later assessment order passed pursuant to the revisional direction to justify the original assumption of jurisdiction. A hindsight-based review of the revisional action was impermissible where the validity of section 263 itself was under challenge. The impugned order was quashed and the Tribunal was directed to hear the appeal afresh; the question was answered in favour of the assessee and against the revenue. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794626