https://www.taxtmi.com/caselaws?id=789343 Section 263 revision is available only where the assessment order is both erroneous and prejudicial to the Revenue, and it cannot displace a plausible view taken after enquiry. In relation to reversal of provision for onerous contract and Ind AS 116 amortisation or lease adjustments, the absence of specific verification meant the claims required fresh factual examination by the Assessing Officer. For bad debts, the write-off in the accounts is sufficient subject to section 36(2), and actual irrecoverability is not required. Buy-back tax under section 115QA was also accepted where challans showed payment and no shortfall was demonstrated. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 06 Apr 2026 11:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789343 Section 263 revision is available only where the assessment order is both erroneous and prejudicial to the Revenue, and it cannot displace a plausible view taken after enquiry. In relation to reversal of provision for onerous contract and Ind AS 116 amortisation or lease adjustments, the absence of specific verification meant the claims required fresh factual examination by the Assessing Officer. For bad debts, the write-off in the accounts is sufficient subject to section 36(2), and actual irrecoverability is not required. Buy-back tax under section 115QA was also accepted where challans showed payment and no shortfall was demonstrated. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789343