Revision u/s 263 - Characterization of income - Real estate ...

Case Laws Income Tax

December 31, 2020

Revision u/s 263 - Characterization of income - Real estate business - Assessing Officer has conducted sufficient enquiry as required under Explanation 2(a) to Section 263 and there was material available on record to arrive at a conclusion, which was recorded by the Assessing Officer. It is trite law that merely because a different view can be taken, the powers under Section 263 of the Act cannot be invoked - Decided in favour of assessee. - HC

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Revision u/s 263 - Characterization of income - Real estate ...

Case Laws Income Tax

December 31, 2020

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