https://www.taxtmi.com/caselaws?id=472486 Section 263 revision cannot enlarge the matters available for examination in a limited-scrutiny assessment restricted to verification of cash-deposit sources. Interest-income discrepancies and possible deemed-dividend matters falling outside that scope cannot be introduced indirectly through revision. For issues within the stated scrutiny scope, revision requires an assessment that is both erroneous and prejudicial to Revenue interests. Verification of cash capital introduction by the Assessing Officer, supported by an unrebutted explanation that it represented a joint-venture member's contribution, does not meet that standard. The principles distinguish impermissible expansion of limited scrutiny from valid review of an inadequately examined in-scope issue. en-us Tue, 22 Apr 2025 00:00:00 +0530 Wed, 14 Oct 2026 06:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472486 Section 263 revision cannot enlarge the matters available for examination in a limited-scrutiny assessment restricted to verification of cash-deposit sources. Interest-income discrepancies and possible deemed-dividend matters falling outside that scope cannot be introduced indirectly through revision. For issues within the stated scrutiny scope, revision requires an assessment that is both erroneous and prejudicial to Revenue interests. Verification of cash capital introduction by the Assessing Officer, supported by an unrebutted explanation that it represented a joint-venture member's contribution, does not meet that standard. The principles distinguish impermissible expansion of limited scrutiny from valid review of an inadequately examined in-scope issue. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472486