https://www.taxtmi.com/caselaws?id=797238 Revisionary jurisdiction under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue. Revision is unsustainable where the Assessing Officer has investigated unaccounted expenditure, investments and petrol-pump income, and the related assessment and appellate findings have attained finality; a differing view by the Commissioner is insufficient. Tanker-related revision and the consequential addition also fail where concurrent factual findings establish no evidence of unaccounted tanker income in the assessee's books. The disputed undisclosed-income additions therefore cannot be sustained. en-us Fri, 07 Aug 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797238 Revisionary jurisdiction under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue. Revision is unsustainable where the Assessing Officer has investigated unaccounted expenditure, investments and petrol-pump income, and the related assessment and appellate findings have attained finality; a differing view by the Commissioner is insufficient. Tanker-related revision and the consequential addition also fail where concurrent factual findings establish no evidence of unaccounted tanker income in the assessee's books. The disputed undisclosed-income additions therefore cannot be sustained. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797238