Revision u/s 263 - the eligibility of deduction u/s 54B in ...

Section 263 Revision: Deduction u/s 54B for Pre-Transfer Land Deemed Erroneous, Prejudicing Revenue's Interest. Revision Justified.

May 11, 2019

Case Laws Income Tax AT

Revision u/s 263 - the eligibility of deduction u/s 54B in respect of land acquired prior to transfer of capital asset is clearly opposed to the plain provision of the Act - claim of deduction accepted by the AO is erroneous - Such error on the part of the AO has caused definite prejudice to the interest of the Revenue - revision justified

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Revision u/s 263 - the eligibility of deduction u/s 54B in ...

Section 263 Revision: Deduction u/s 54B for Pre-Transfer Land Deemed Erroneous, Prejudicing Revenue's Interest. Revision Justified.

May 11, 2019

Case Laws Income Tax AT

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