https://www.taxtmi.com/caselaws?id=797757 Revision under section 263 requires an assessment order to be both erroneous and prejudicial to Revenue; collecting material without a conscious enquiry, legal analysis or reasoned view does not satisfy that standard. Interest on compensation or enhanced compensation is charged as income from other sources on receipt, with only the prescribed deduction, and agricultural-land capital-gains exemption does not displace that scheme. Faceless assessment is procedural and does not alter jurisdiction determined by the jurisdictional Assessing Officer. Reopening approval, alleged defects in an operative assessment order, audit objections or an Assessing Officer's proposal do not preclude revision where the Principal Commissioner independently examines the record and forms the required satisfaction. en-us Wed, 11 Feb 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797757 Revision under section 263 requires an assessment order to be both erroneous and prejudicial to Revenue; collecting material without a conscious enquiry, legal analysis or reasoned view does not satisfy that standard. Interest on compensation or enhanced compensation is charged as income from other sources on receipt, with only the prescribed deduction, and agricultural-land capital-gains exemption does not displace that scheme. Faceless assessment is procedural and does not alter jurisdiction determined by the jurisdictional Assessing Officer. Reopening approval, alleged defects in an operative assessment order, audit objections or an Assessing Officer's proposal do not preclude revision where the Principal Commissioner independently examines the record and forms the required satisfaction. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797757