https://www.taxtmi.com/caselaws?id=470294 Section 263 revision cannot replace an Assessing Officer's plausible view where the assessment record shows specific inquiries and supporting evidence. Revision was unsustainable on exempt long-term capital gains from share sales, housing-loan interest for an unregistered property booking, unsecured loans, and household expenditure because these matters had been examined. In contrast, revision was sustainable for deemed rental income from residential properties because the issue had not been examined, rendering the assessment erroneous and prejudicial to Revenue interests. A revision order issued against a deceased assessee after the authority had been informed of the death was void, as proceedings against a non-existent person are a nullity. Revision survived only on the unexamined deemed-rental-income issue. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470294 Section 263 revision cannot replace an Assessing Officer's plausible view where the assessment record shows specific inquiries and supporting evidence. Revision was unsustainable on exempt long-term capital gains from share sales, housing-loan interest for an unregistered property booking, unsecured loans, and household expenditure because these matters had been examined. In contrast, revision was sustainable for deemed rental income from residential properties because the issue had not been examined, rendering the assessment erroneous and prejudicial to Revenue interests. A revision order issued against a deceased assessee after the authority had been informed of the death was void, as proceedings against a non-existent person are a nullity. Revision survived only on the unexamined deemed-rental-income issue. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470294