S. 263 : Commissioner-Revision of orders prejudicial to revenue-Derivative transactions-Fresh material/data received from NSEL-No specific finding recorded by the PCIT-Revision order was quashed. [S. 133(6) 143(2)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Investment in a residential house-Proper enquire was made by the Assessing Officer, purchase deed and other documents were filed-Revision is not valid [S. 54F, 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash deposit-Demonetisation-Specific query was raised in the original assessment proceedings-CIT failed to give any plausible reason as to why he does not agree with the opinion of the AO-Revision order was quashed. [S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Heavy cash deposited in the bank-Revision order was affirmed-Direction was modified to consider only cash deposited in the bank [S. 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-AO made an extensive, elaborate and necessary enquiry with a view to find out whether the assessee fulfils the conditions mentioned in s. 80-IB or not-Revision is not valid-Commissioner cannot revise the order merely on the proposal sent by the Assessing Officer. [S.80IB (11A]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Corpus donation and loan-Received from entities controlled by the same authority as the assesse-Voluntary contribution made with specific direction may be excluded-Revision was up held with direction. [S. 11(1)(d)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Transaction of two properties-Capital gains-Remand proceedings the Assessing Officer informed that the transactions are reported-Revision order was quashed. [S. 45]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Proper enquiry was conducted in the original assessment proceedings-Merely because the CIT does not feel satisfied with the conclusion cannot be the basis for revision-Order of revision was quashed [S. 54, 54F, 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Family settlement-Nominal consideration-Purchase and sale deed was filed in the course of assessment proceedings-Revision is held to be not valid [S. 45, 50C, 143(3)]

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Reassessment-Difference between the cash flow statement and balance sheet-Failure on the part of the AO to examine the same-Revision order is justified. [S. 143(3), 147, 148]