https://www.taxtmi.com/caselaws?id=465603 Revision under section 263 was held unsustainable because the assessment order allowing CSR expenditure as a donation under section 80G was based on a plausible view supported by coordinate bench decisions. The issue was treated as highly debatable, so the Assessing Officer's approach could not be characterised as erroneous and prejudicial to the interests of the Revenue merely because the Principal Commissioner preferred a different interpretation. Reliance on Explanation 2 to section 37(1) and Circular No. 1/2015 did not justify revision in these circumstances. The revision order was set aside and the assessment order restored. en-us Fri, 20 Jun 2025 00:00:00 +0530 Fri, 02 Jan 2026 07:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465603 Revision under section 263 was held unsustainable because the assessment order allowing CSR expenditure as a donation under section 80G was based on a plausible view supported by coordinate bench decisions. The issue was treated as highly debatable, so the Assessing Officer's approach could not be characterised as erroneous and prejudicial to the interests of the Revenue merely because the Principal Commissioner preferred a different interpretation. Reliance on Explanation 2 to section 37(1) and Circular No. 1/2015 did not justify revision in these circumstances. The revision order was set aside and the assessment order restored. Case-Laws Income Tax Fri, 20 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465603