https://www.taxtmi.com/caselaws?id=796605 Revision under Section 263 is confined, where an assessment is under appeal, to matters not considered and decided in that appeal; purchase disallowances and the estimated profit element already challenged before the first appellate authority fall outside that jurisdiction. Revision also cannot replace an Assessing Officer's legally plausible view where invoices, ledgers, transport records, payment details, confirmations and GST material were examined before estimating profit on disputed purchases. Non-genuineness of a supplier alone does not establish remission or cessation of an outstanding trading liability. Taxation of that balance requires material showing write-back, waiver, remission or cessation during the relevant year. en-us Tue, 04 Aug 2026 00:00:00 +0530 Fri, 07 Aug 2026 09:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796605 Revision under Section 263 is confined, where an assessment is under appeal, to matters not considered and decided in that appeal; purchase disallowances and the estimated profit element already challenged before the first appellate authority fall outside that jurisdiction. Revision also cannot replace an Assessing Officer's legally plausible view where invoices, ledgers, transport records, payment details, confirmations and GST material were examined before estimating profit on disputed purchases. Non-genuineness of a supplier alone does not establish remission or cessation of an outstanding trading liability. Taxation of that balance requires material showing write-back, waiver, remission or cessation during the relevant year. Case-Laws Income Tax Tue, 04 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796605