https://www.taxtmi.com/caselaws?id=799228 Revisionary jurisdiction requires an assessment order to be both erroneous and prejudicial to the Revenue. Enquiries into trademark acquisition, capitalisation and depreciation, including supporting bills, financial statements and explanations, may support a plausible assessment view without a mandatory valuation report. The distinction between absence of enquiry and inadequate enquiry remains material despite Explanation 2(a); a revisionary authority cannot replace the Assessing Officer's plausible view or order fishing and roving verification merely because further enquiry appears desirable. As these conditions were not established, the revisionary order was quashed and the original assessment restored. en-us Tue, 15 Sep 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799228 Revisionary jurisdiction requires an assessment order to be both erroneous and prejudicial to the Revenue. Enquiries into trademark acquisition, capitalisation and depreciation, including supporting bills, financial statements and explanations, may support a plausible assessment view without a mandatory valuation report. The distinction between absence of enquiry and inadequate enquiry remains material despite Explanation 2(a); a revisionary authority cannot replace the Assessing Officer's plausible view or order fishing and roving verification merely because further enquiry appears desirable. As these conditions were not established, the revisionary order was quashed and the original assessment restored. Case-Laws Income Tax Tue, 15 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799228