https://www.taxtmi.com/caselaws?id=801807 Revisionary jurisdiction under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue interests. Where the Assessing Officer examines written explanations on CENVAT credit valuation, excise-duty refund and additional depreciation, and adopts a legally permissible view, revision cannot rest merely on the Commissioner's preference for another view. Lack of detailed reasoning in the assessment order alone does not establish error or prejudice. On these principles, revision was invalid because the relevant matters had been considered and no addition was warranted on their merits. en-us Wed, 14 Oct 2026 00:00:00 +0530 Tue, 27 Oct 2026 08:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801807 Revisionary jurisdiction under Section 263 requires an assessment order to be both erroneous and prejudicial to Revenue interests. Where the Assessing Officer examines written explanations on CENVAT credit valuation, excise-duty refund and additional depreciation, and adopts a legally permissible view, revision cannot rest merely on the Commissioner's preference for another view. Lack of detailed reasoning in the assessment order alone does not establish error or prejudice. On these principles, revision was invalid because the relevant matters had been considered and no addition was warranted on their merits. Case-Laws Income Tax Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801807