S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest-loan processing fees are not in respect of money borrowed or debt incurred, such loan processing fees cannot qualify as “interest” as defined u/s 2(28A) of the Act-Revision is not valid [S. 2(28A)) 40(a)(ia)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny-Revision order is bad in law. [S. 14A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unaccounted money-Assessee receiving money and repaying it subsequently-Inadequate inquiry-Revision order is held to be not valid-Limitation period from original date of assessment and not from the date of reassessment-Revision time barred.[S. 143(3), 147]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Valuation of stock-Method of accounting-Difference glaring in current assets and current liabilities as shown in balance sheet and in cash flow statement-Revision order was justified.[S.143(3), 145]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Dispute Resolution Panel-Order passed by the Assessing Officer passed order in accordance with directions issued by DRP, same cannot be revised by Commissioner. [S. 144C(13)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Sale of Shares-Capital Gains-Deduction towards indemnity claim and Ex gratia claim of employees not allowable-Jurisdiction rightly invoked-Assessing Officer to examine matter afresh uninfluenced by observations of Principal Commissioner.[S. 37(1), 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-A.O. satisfied with sale consideration after perusal of all documents-Circle rate less than sale consideration in all flats except one-Additions made to the extent of one flat-Not a case where enquiry not made-revision not justified. [S. 43CA]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deduction for interest on deposits kept with banks allowed-Revision justified. [S.80P].

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Rate of depreciation-Windmills installation-Change of law-Windmill installed on or before 31-02-2023-Eligible for 80% of depreciation-Revision is not valid. [S. 32]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Difference between sale consideration of property and guideline value of property on date of registration-Revision justified. [S. 45, 50C]