2023 (7) TMI 1455

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..... h an intention to build Tech Park, but due to recession, the building was not constructed and as the firm had no funds, assessee sold the land. As decided by HC [ 2022 (10) TMI 1120 - KARNATAKA HIGH COURT] merely because two plausible views are available and the AO has taken one view, the jurisdiction u/s 263 cannot be exercised. Thus, we are of the considered view that invoking Section 263 in the .....

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