2023 (7) TMI 1455

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..... on with 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 .....

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