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Revision u/s 263 - Nature of capital gain - On going through the ...


Capital Gain Revision Clarified: Land Transfer Date Corrected to April 17, 2008, Validating Assessing Officer's Order u/s 263.

April 7, 2023

Case Laws     Income Tax     AT

Revision u/s 263 - Nature of capital gain - On going through the copy of the purchase deed of the said land, we find that direct possession of the land in question had been handed over/transferred to the appellant being one of the co-owners/ purchaser of the land on 17–04–2008 only and not on 17–05–2010 as presumed by PCIT. - order passed by the assessing officer is neither erroneous nor prejudicial to the interest of Revenue. - AT

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