buyer asking for refund

I have a buyer who brought an Item from me and has asked for a redund. How can i dispuit the refund request, everything seems to be in the buyers favour not mine. Is that correct? 

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 If as you say in the comments the buyer is opening an INAD case, then yes, the chances are you'll lose the case with eBay.

 

Best to offer a refund with return postage refunded, after the return of the item in the original condition, otherwise eBay will probably force you to do just that - though they will take the original sale price with postage first.