https://www.taxtmi.com/caselaws?id=797861 Revisional jurisdiction does not arise where an assessment allowing deduction for interest on advances to members contains no error prejudicial to revenue interests. The deduction was restricted to the assessee's gross total income, while the record did not establish that interest from fixed deposits with a non-cooperative bank had been claimed as deductible. Nor did it support allocating expenditure to further restrict the deduction. The revisional order therefore lacked jurisdiction, and the assessment order remained valid. en-us Tue, 18 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797861 Revisional jurisdiction does not arise where an assessment allowing deduction for interest on advances to members contains no error prejudicial to revenue interests. The deduction was restricted to the assessee's gross total income, while the record did not establish that interest from fixed deposits with a non-cooperative bank had been claimed as deductible. Nor did it support allocating expenditure to further restrict the deduction. The revisional order therefore lacked jurisdiction, and the assessment order remained valid. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797861