https://www.taxtmi.com/caselaws?id=470516 Revisionary jurisdiction cannot be used to order unspecified further enquiry where the Assessing Officer examined the long-term capital-gain computation, verified the difference from Form 26QB, and adopted a plausible view. A brief assessment order does not by itself establish lack of enquiry. The Principal Commissioner must identify a specific error and independently examine the assessment record; revision based on an audit-driven proposal without such satisfaction is jurisdictionally deficient. As no error prejudicial to Revenue was established, the revisionary action and consequential revision order were quashed. en-us Fri, 21 Mar 2025 00:00:00 +0530 Wed, 29 Jul 2026 18:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470516 Revisionary jurisdiction cannot be used to order unspecified further enquiry where the Assessing Officer examined the long-term capital-gain computation, verified the difference from Form 26QB, and adopted a plausible view. A brief assessment order does not by itself establish lack of enquiry. The Principal Commissioner must identify a specific error and independently examine the assessment record; revision based on an audit-driven proposal without such satisfaction is jurisdictionally deficient. As no error prejudicial to Revenue was established, the revisionary action and consequential revision order were quashed. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470516