https://www.taxtmi.com/caselaws?id=796171 Revisionary jurisdiction under section 263 cannot be invoked merely because the Assessing Officer could have conducted further or more extensive enquiries. Specific notices, explanations, books, bank records, confirmations, invoices, e-way bills, GST records and affidavits were examined, and additions were made after considering seized material. A finding that an assessment is erroneous and unsustainable requires support from the assessment record or an independent enquiry. The revision proceedings also overlooked a rectification order enhancing the accommodation-entry addition and did not examine the record of prior assessment approval. The section 263 order was therefore quashed. en-us Fri, 12 Jun 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796171 Revisionary jurisdiction under section 263 cannot be invoked merely because the Assessing Officer could have conducted further or more extensive enquiries. Specific notices, explanations, books, bank records, confirmations, invoices, e-way bills, GST records and affidavits were examined, and additions were made after considering seized material. A finding that an assessment is erroneous and unsustainable requires support from the assessment record or an independent enquiry. The revision proceedings also overlooked a rectification order enhancing the accommodation-entry addition and did not examine the record of prior assessment approval. The section 263 order was therefore quashed. Case-Laws Income Tax Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796171