https://www.taxtmi.com/caselaws?id=470859 Revisionary jurisdiction requires an assessment order to be both erroneous and prejudicial to Revenue. Allowance of bad debts was not amenable to revision where the Assessing Officer had examined supporting particulars and ledger material, and the debts were written off as irrecoverable in the accounts; actual proof of irrecoverability was unnecessary. Allowance of employees' PF/ESI contributions paid after statutory due dates was likewise not revisable where it followed binding jurisdictional precedent prevailing at assessment. A subsequent Supreme Court ruling taking a different view does not retrospectively make that assessment erroneous. Neither ground satisfied the conditions for revision. en-us Wed, 23 Oct 2024 00:00:00 +0530 Tue, 11 Aug 2026 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470859 Revisionary jurisdiction requires an assessment order to be both erroneous and prejudicial to Revenue. Allowance of bad debts was not amenable to revision where the Assessing Officer had examined supporting particulars and ledger material, and the debts were written off as irrecoverable in the accounts; actual proof of irrecoverability was unnecessary. Allowance of employees' PF/ESI contributions paid after statutory due dates was likewise not revisable where it followed binding jurisdictional precedent prevailing at assessment. A subsequent Supreme Court ruling taking a different view does not retrospectively make that assessment erroneous. Neither ground satisfied the conditions for revision. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470859