https://www.taxtmi.com/caselaws?id=470316 Revisionary jurisdiction under Section 263 requires independent satisfaction that the assessment order is both erroneous and prejudicial to the interests of the Revenue. Where the original assessment order contains no error and the revisional order does not independently establish Revenue prejudice, revision is invalid. The issue was decided in favour of the assessee. en-us Thu, 06 Nov 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470316 Revisionary jurisdiction under Section 263 requires independent satisfaction that the assessment order is both erroneous and prejudicial to the interests of the Revenue. Where the original assessment order contains no error and the revisional order does not independently establish Revenue prejudice, revision is invalid. The issue was decided in favour of the assessee. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470316