S. 263 : Commissioner-Revision of orders prejudicial to revenue-Income from house property-Stock in trade-Amendment bringing notional annual value of property held as stock-in-trade to tax is prospective-Revision is not valid.[S.23(1)(a), 23(5), 24(a)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Provisions made under various heads-Assessing Officer has not examined the details-Revision is valid-Benefit of Circular-Eligible deduction. [S.80P]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment order-Issue on which revision order was passed was neither subject matter of reassessment nor coming to notice during reassessment proceedings-Order is not erroneous. [S. 143(3), 147, 148]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Development expenses-Neither filed any written submission nor appeared before the Tribunal-Revision is justified.
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Purchase of property-Not pointing out error in order passed by Assessing Officer and how it was prejudicial to Revenue-Revision order was quashed.[S. 56(2)(vii)(b)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Demonetisation period-Cash deposits-Duty of the Assessing Officer to carry out investigation-Revision is proper. [S. 143(3), 263, Explanation 2]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertaking-Generation of power-Windmill Assessing Officer applied his mind-Revision on the ground Assessing Officer did not examine whether separate books maintained-Not sustainable merely because Commissioner has different opinion-Revision is not valid. [S. 80IA(4)(iv), 80IA(7)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited Scrutiny for verification of cash deposits-Assessing Officer has not made proper verification-Revision is held to be justified. [S. 143(3)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Depreciation-Amalgamation of companies-Accounting Standard 14-Excess consideration paid over and above net asset value of amalgamating Company-Goodwill-Revision was quashed. [S. 32(1)]
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Assessing Officer made complete enquiries-No adverse comments made by investigation department-Failure to bring evidence of cash deposited in account by Principal Commissioner-Proceedings without any merit-Revision order was quashed. [S. 147, 148]