https://www.taxtmi.com/caselaws?id=799520 Revisionary jurisdiction under Section 263 applies where an assessment is both erroneous and prejudicial to Revenue, including where mandatory inquiries or verification are omitted before allowing relief. Section 80AC makes timely filing of the return under Section 139(1) a condition for the relevant deduction, so allowing a Section 80P(2) claim without examining that condition may warrant revision. Examination of the deduction also falls within reassessment where the claim is directly connected with the explanation for deposits forming the basis of reopening, rather than being a wholly independent issue. en-us Tue, 15 Sep 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799520 Revisionary jurisdiction under Section 263 applies where an assessment is both erroneous and prejudicial to Revenue, including where mandatory inquiries or verification are omitted before allowing relief. Section 80AC makes timely filing of the return under Section 139(1) a condition for the relevant deduction, so allowing a Section 80P(2) claim without examining that condition may warrant revision. Examination of the deduction also falls within reassessment where the claim is directly connected with the explanation for deposits forming the basis of reopening, rather than being a wholly independent issue. Case-Laws Income Tax Tue, 15 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799520