https://www.taxtmi.com/caselaws?id=781180 ITAT Ahmedabad held that the Principal CIT's revision under section 263 could not be sustained. The AO had made specific inquiries and, after examining documentary evidence and precedents, reasonably accepted claims for depreciation on goodwill, provision for warranty, and deduction under section 80G for CSR donations. The tribunal found the AO's views were plausible and supported by judicial decisions, and thus not "erroneous and prejudicial" as required to invoke section 263. The revision was quashed and the appeal of the assessee was allowed. en-us Tue, 28 Oct 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781180 ITAT Ahmedabad held that the Principal CIT's revision under section 263 could not be sustained. The AO had made specific inquiries and, after examining documentary evidence and precedents, reasonably accepted claims for depreciation on goodwill, provision for warranty, and deduction under section 80G for CSR donations. The tribunal found the AO's views were plausible and supported by judicial decisions, and thus not "erroneous and prejudicial" as required to invoke section 263. The revision was quashed and the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 28 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781180