TMI BlogRevision u/s 263 by CIT - claim of exemption u/s 54B towards long term capital gain on sale of land when...Revision u/s 263 by CIT - claim of exemption u/s 54B towards long term capital gain on sale of land when no such claim u/s 54B - Scope of the amendment made in section 263 w.e.f. 01.06.2015. - the intention of the legislature could not have been to enable the Ld. PCIT to find fault with each and every assessment order, without conducting any enquiry or verification in order to establish that the assessment order is not sustainable in law, since such an interpretation will lead to unending litiga..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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