https://www.taxtmi.com/caselaws?id=797907 Revision under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue interests. Inquiry and verification by the Assessing Officer into depreciation, foreign-agent commission and employment-deduction claims, including verification supported by Form 10DA, showed application of mind. In the absence of an identified flaw in the taxpayer's explanations or in the verification undertaken, alleged inadequacy of inquiry did not satisfy the conditions for revision. The Section 263 revision was therefore unsustainable, with no substantial question of law arising. en-us Tue, 18 Aug 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797907 Revision under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue interests. Inquiry and verification by the Assessing Officer into depreciation, foreign-agent commission and employment-deduction claims, including verification supported by Form 10DA, showed application of mind. In the absence of an identified flaw in the taxpayer's explanations or in the verification undertaken, alleged inadequacy of inquiry did not satisfy the conditions for revision. The Section 263 revision was therefore unsustainable, with no substantial question of law arising. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797907