https://www.taxtmi.com/caselaws?id=470516 Revisionary jurisdiction is discussed as unavailable where the assessment record shows that the Assessing Officer examined the long-term capital-gain computation, obtained supporting details and adopted a plausible view. A brief assessment order alone does not establish lack of enquiry. The note states that the Principal Commissioner must identify a specific error and independently examine the record; directions for unspecified further enquiry amount to an impermissible roving and fishing exercise. It also notes that revision cannot rest solely on an Assessing Officer's proposal arising from an audit objection. On the stated facts, the revision and consequential order were described as unsustainable because the assessment was neither erroneous nor prejudicial to Revenue interests. 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 is discussed as unavailable where the assessment record shows that the Assessing Officer examined the long-term capital-gain computation, obtained supporting details and adopted a plausible view. A brief assessment order alone does not establish lack of enquiry. The note states that the Principal Commissioner must identify a specific error and independently examine the record; directions for unspecified further enquiry amount to an impermissible roving and fishing exercise. It also notes that revision cannot rest solely on an Assessing Officer's proposal arising from an audit objection. On the stated facts, the revision and consequential order were described as unsustainable because the assessment was neither erroneous nor prejudicial to Revenue interests. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470516