https://www.taxtmi.com/caselaws?id=795499 Revisionary jurisdiction under Section 263 requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. Where scrutiny assessment specifically examined turnover and receipt reconciliation, supported by material furnished by the assessee, the absence of detailed discussion in the assessment order does not establish inadequate inquiry. Further, an alleged variation in eligible business income that would result in a corresponding deduction under Section 80IA is tax-neutral and causes no prejudice to revenue. On these stated principles, the revisionary order was described as invalid and quashed. en-us Tue, 16 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795499 Revisionary jurisdiction under Section 263 requires the assessment order to be both erroneous and prejudicial to the interests of the Revenue. Where scrutiny assessment specifically examined turnover and receipt reconciliation, supported by material furnished by the assessee, the absence of detailed discussion in the assessment order does not establish inadequate inquiry. Further, an alleged variation in eligible business income that would result in a corresponding deduction under Section 80IA is tax-neutral and causes no prejudice to revenue. On these stated principles, the revisionary order was described as invalid and quashed. Case-Laws Income Tax Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795499