https://www.taxtmi.com/highlights?id=27912 Validity of exercising jurisdiction u/s.263 - Application of the principle of diversion of income by overriding title - transfer of capital asset inherited - The line of difference between ss. 263 and 264 is that while the former can be invoked to remove the prejudice caused to the State the latter can be invoked to remove the prejudice caused to the assessee. - AT en-us Thu, 10 Mar 2016 10:51:58 +0530 Thu, 10 Mar 2016 10:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27912 Validity of exercising jurisdiction u/s.263 - Application of the principle of diversion of income by overriding title - transfer of capital asset inherited - The line of difference between ss. 263 and 264 is that while the former can be invoked to remove the prejudice caused to the State the latter can be invoked to remove the prejudice caused to the assessee. - AT Highlights Income Tax Thu, 10 Mar 2016 10:51:58 +0530 https://www.taxtmi.com/highlights?id=27912