https://www.taxtmi.com/caselaws?id=795256 Revisionary jurisdiction requires both an erroneous assessment order and prejudice to Revenue; it cannot be used merely to seek further enquiry where relevant enquiries, supporting material and a legally sustainable view already exist. A bad-debt deduction is supportable under the post-amendment regime where the debt is written off and the corresponding income was included in earlier years, without proving actual irrecoverability. Contract receipts reconciled with accounts and Form 26AS cannot be treated as understated merely from aggregate bank credits when those credits include advances whose nature must be verified. The notes state that the revision order was unsustainable on both grounds. en-us Wed, 04 Mar 2026 00:00:00 +0530 Mon, 20 Jul 2026 09:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795256 Revisionary jurisdiction requires both an erroneous assessment order and prejudice to Revenue; it cannot be used merely to seek further enquiry where relevant enquiries, supporting material and a legally sustainable view already exist. A bad-debt deduction is supportable under the post-amendment regime where the debt is written off and the corresponding income was included in earlier years, without proving actual irrecoverability. Contract receipts reconciled with accounts and Form 26AS cannot be treated as understated merely from aggregate bank credits when those credits include advances whose nature must be verified. The notes state that the revision order was unsustainable on both grounds. Case-Laws Income Tax Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795256