S. 263 : Commissioner-Revision of orders prejudicial to revenue-Set off of brought forward business loss-No excess unabsorbed depreciation allowed while computing book Profit-Issue of show-cause notice beyond period of two years from date of original assessment Order-Revision barred by limitation-Revision quashed. [S. 115JB]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Mistake committed by consultant in declaring wrong turnover in service tax returns-Assessing Officer making addition of profit element embedded in undisclosed receipts at 8 Per Cent.-Order of revision not valid. [S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Trust deed providing for its dissolution on beneficiary attaining age 18-Revenue was informed about dissolution of Trust-Notice issued in name of trust after extinguishment of trust-Not curable defects-Notice illegal and Order to be quashed. [S. 143(3), 292B]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision order was quashed-Assessment order passed consequent of revision order is quashed. [S. 32(1)(ii), 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-DCF Method-Valuation of shares Assessment order was passed considering the point wise reply to the notice u/s 142(1) and 143(2) of the Act-Revision is held to be not valid. [S. 56(2)(viib) R. 11UA(2)(b)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Issue was not subject matter of assessment u/s 153C–Original order on 28-3-2016-Revision order passed on 9-12-2020-Barred by limitation. [S.80IA, 143(3), 153C]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Purchase and sale of properties-Stock in trade-Rental income is assessed as business income-Disallowance of depreciation and vehicle expenses-Revision order was quashed. [S. 28(i), 32, 37(1), 56, 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Loss returned was accepted in scrutiny assessment-Revision order of rectification is held to be not valid-Quantification cannot be disturbed in revision proceedings. [S. 72, 143(3), 154]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cost of improvement-Freehold conversion charges stamp duty, etc-Revision was held to be not valid-Indexation erroneously taken at 852 instead of 785-Revision is held to be valid. [S. 45, 48]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Merger-Nationalised bank-CIT(A) has held that S. 115JB is not applicable to assessee-Revision is not valid-Deduction of bad debts-Order was passed after considering detailed submissions-Revision is not valid-Assessment made without reference to TPO-Revision order is valid. [S. 36(1)(vii), 36(1)(viia), 92CA, 115JB, 144C]