Revision Upheld: Section 263 Review on Section 54B Deduction Claim for Agricultural Land Sale Without Adequate Inquiry by Assessing Officer.

Revision u/s 263 - Claim of deduction u/s 54B - sale of agriculture land after plotting - the issue is not limited to the capital gain or business income but the issue is allowing the deduction u/s 54B without conducting a minimum enquiry by the AO whether the conditions prescribed u/s 54B are satisfied or not - Revision upheld. .....

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