S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment-Revision notice a verbatim copy of reasons recorded by Assessing Officer for reopening assessment-Assessing Officer Accepting returned income after verifying explanation-Revision by PCIT not sustainable. [S. 143(3), 147]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Proceedings for rectification was dropped-Revision based on audit objection-Revision is not sustainable. [S. 24B, 154]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest expenditure allowed after conducting enquiry-Revision is held to be not valid. [S. 143(3)]

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)]