https://www.taxtmi.com/caselaws?id=470448 A second revision under section 263 of a consequential assessment cannot stand where the earlier revisional order that solely generated that assessment has been quashed. The notes state that the consequential assessment then lacks an independent basis and cannot support further revisional action. They further state that, if the later revision is treated as directed at the original block assessment, it falls outside the prescribed two-year limitation for revisional jurisdiction. The second revisional order is therefore described as unsustainable and time-barred, with the issue decided in favour of the assessee. en-us Thu, 31 Jan 2013 00:00:00 +0530 Tue, 28 Jul 2026 10:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470448 A second revision under section 263 of a consequential assessment cannot stand where the earlier revisional order that solely generated that assessment has been quashed. The notes state that the consequential assessment then lacks an independent basis and cannot support further revisional action. They further state that, if the later revision is treated as directed at the original block assessment, it falls outside the prescribed two-year limitation for revisional jurisdiction. The second revisional order is therefore described as unsustainable and time-barred, with the issue decided in favour of the assessee. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470448