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 require further enquiry where relevant enquiries were made and a legally sustainable view was adopted. Bad-debt deduction remains available where the debt is written off and the corresponding income was included in earlier years; actual irrecoverability need not be established. Contract receipts reconciled with accounts and Form 26AS cannot be treated as understated merely from aggregate bank credits when those credits include mobilisation, material or other advances. Consideration of the assessment record and supporting reconciliations is necessary before alleging error or revenue prejudice. 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 require further enquiry where relevant enquiries were made and a legally sustainable view was adopted. Bad-debt deduction remains available where the debt is written off and the corresponding income was included in earlier years; actual irrecoverability need not be established. Contract receipts reconciled with accounts and Form 26AS cannot be treated as understated merely from aggregate bank credits when those credits include mobilisation, material or other advances. Consideration of the assessment record and supporting reconciliations is necessary before alleging error or revenue prejudice. Case-Laws Income Tax Wed, 04 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795256