https://www.taxtmi.com/caselaws?id=471812 Revision under section 263 is unsustainable where scrutiny assessment records establish that the Assessing Officer examined the taxpayer's business model, cash deposits, related expenses and e-wallet or recharge transactions. Cash deposits supported by bank records, service-provider accounts and disclosed commission income, and remitted through banking channels for recharge services, do not render the assessment erroneous merely because some agreements lack signatures. Where the Assessing Officer has applied mind to relevant material and adopted a sustainable view, the assessment is not both erroneous and prejudicial to Revenue interests. The revisionary order was therefore set aside. en-us Fri, 11 Apr 2025 00:00:00 +0530 Sat, 19 Sep 2026 08:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471812 Revision under section 263 is unsustainable where scrutiny assessment records establish that the Assessing Officer examined the taxpayer's business model, cash deposits, related expenses and e-wallet or recharge transactions. Cash deposits supported by bank records, service-provider accounts and disclosed commission income, and remitted through banking channels for recharge services, do not render the assessment erroneous merely because some agreements lack signatures. Where the Assessing Officer has applied mind to relevant material and adopted a sustainable view, the assessment is not both erroneous and prejudicial to Revenue interests. The revisionary order was therefore set aside. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471812