https://www.taxtmi.com/caselaws?id=802394 The doctrine of merger under section 263 bars revision only of matters actually considered and decided on appeal. An appellate direction on the head under which interest is taxable does not determine its quantum. Revision is permissible where interest figures remain unreconciled despite available bank statements, indicating a lack of enquiry. In a reassessment limited to bank deposits and interest, revision for lack of enquiry into hundi collections is unjustified where no material connects those collections to the reassessment and no specific error requiring enquiry is identified. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802394 The doctrine of merger under section 263 bars revision only of matters actually considered and decided on appeal. An appellate direction on the head under which interest is taxable does not determine its quantum. Revision is permissible where interest figures remain unreconciled despite available bank statements, indicating a lack of enquiry. In a reassessment limited to bank deposits and interest, revision for lack of enquiry into hundi collections is unjustified where no material connects those collections to the reassessment and no specific error requiring enquiry is identified. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802394