https://www.taxtmi.com/caselaws?id=799944 Revision under Section 263 is available where an assessment order is both erroneous and prejudicial to Revenue interests, including where required inquiries or verification were not undertaken. A general request for TDS details and ledger extracts does not establish a conscious examination of substantial commission or brokerage expenditure, the reason for non-deduction of tax, or whether the payment was commission, discount, or another arrangement. Verification may require examination of franchise agreements, invoices, accounting treatment, retention terms, and applicable TDS obligations. Absence of this material inquiry supports setting aside the assessment for fresh examination while leaving ultimate taxability open. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799944 Revision under Section 263 is available where an assessment order is both erroneous and prejudicial to Revenue interests, including where required inquiries or verification were not undertaken. A general request for TDS details and ledger extracts does not establish a conscious examination of substantial commission or brokerage expenditure, the reason for non-deduction of tax, or whether the payment was commission, discount, or another arrangement. Verification may require examination of franchise agreements, invoices, accounting treatment, retention terms, and applicable TDS obligations. Absence of this material inquiry supports setting aside the assessment for fresh examination while leaving ultimate taxability open. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799944