https://www.taxtmi.com/caselaws?id=800602 Revisionary jurisdiction under section 263 requires an assessment order to be both erroneous and prejudicial to the Revenue. Where reassessment followed notices, explanations and supporting material furnished by the assessee, revision cannot rest solely on the same portal information already examined. A perceived need for further inquiry is insufficient unless the revisional authority identifies a lack of inquiry, a specific error or discrepancy in the assessee's material, and resulting prejudice to the Revenue. In these circumstances, the prerequisites for revision were not met and the revisionary order was invalid. en-us Thu, 01 Oct 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800602 Revisionary jurisdiction under section 263 requires an assessment order to be both erroneous and prejudicial to the Revenue. Where reassessment followed notices, explanations and supporting material furnished by the assessee, revision cannot rest solely on the same portal information already examined. A perceived need for further inquiry is insufficient unless the revisional authority identifies a lack of inquiry, a specific error or discrepancy in the assessee's material, and resulting prejudice to the Revenue. In these circumstances, the prerequisites for revision were not met and the revisionary order was invalid. Case-Laws Income Tax Thu, 01 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800602