https://www.taxtmi.com/caselaws?id=792336 Section 263 revision is unsustainable where the Assessing Officer made detailed enquiries, examined supporting evidence and adopted a plausible view on the claims. The Principal Commissioner cannot revise the assessment merely because he prefers a different view or seeks fresh adjudication without showing that the order is both erroneous and prejudicial to the Revenue. On the disputed items, the analysis notes that the claims were supported by settled principles relating to provision for doubtful debts, section 80M, business expenditure, statutory payments, GST credit reversal loss and section 54EC exemption. The revisionary order was quashed and the assessment under section 143(3) read with section 144B remained undisturbed. en-us Tue, 28 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 07:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792336 Section 263 revision is unsustainable where the Assessing Officer made detailed enquiries, examined supporting evidence and adopted a plausible view on the claims. The Principal Commissioner cannot revise the assessment merely because he prefers a different view or seeks fresh adjudication without showing that the order is both erroneous and prejudicial to the Revenue. On the disputed items, the analysis notes that the claims were supported by settled principles relating to provision for doubtful debts, section 80M, business expenditure, statutory payments, GST credit reversal loss and section 54EC exemption. The revisionary order was quashed and the assessment under section 143(3) read with section 144B remained undisturbed. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792336