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. The notes state that the Tribunal found no error in the original assessment order and that the revisional order did not independently establish prejudice to the Revenue. On that basis, the revision was described as invalid and the issue as resolved 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. The notes state that the Tribunal found no error in the original assessment order and that the revisional order did not independently establish prejudice to the Revenue. On that basis, the revision was described as invalid and the issue as resolved in favour of the assessee. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470316