https://www.taxtmi.com/caselaws?id=784605 The dominant issue was whether revision under s.263 could be invoked to enhance disallowance of alleged bogus purchases from 25% (as estimated by the AO) to 100% on the same material. The ITAT held that where the AO has taken a considered view supported by case law, and the view is not unsustainable in law, mere disagreement on the quantum reflects a debatable issue and cannot constitute "erroneous and prejudicial to the interests of the revenue" under s.263, consistent with SC and HC precedents. Consequently, the revision order was quashed and the assessee's appeal was allowed. en-us Fri, 02 Jan 2026 00:00:00 +0530 Thu, 08 Jan 2026 08:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784605 The dominant issue was whether revision under s.263 could be invoked to enhance disallowance of alleged bogus purchases from 25% (as estimated by the AO) to 100% on the same material. The ITAT held that where the AO has taken a considered view supported by case law, and the view is not unsustainable in law, mere disagreement on the quantum reflects a debatable issue and cannot constitute "erroneous and prejudicial to the interests of the revenue" under s.263, consistent with SC and HC precedents. Consequently, the revision order was quashed and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 02 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784605