https://www.taxtmi.com/highlights?id=30347 Revision u/s 263 - AO considered the FMV at ₹ 300 per sq.ft. as on 1.4.1981 as submitted by the assessee without bringing any comparable cases or referring the matter to the DVO for valuation. This itself is an error committed by the AO that aspect involves the rejection of tax, which is prejudicial to the interests of the revenue. - AT en-us Mon, 18 Jul 2016 11:15:36 +0530 Mon, 18 Jul 2016 11:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30347 Revision u/s 263 - AO considered the FMV at ₹ 300 per sq.ft. as on 1.4.1981 as submitted by the assessee without bringing any comparable cases or referring the matter to the DVO for valuation. This itself is an error committed by the AO that aspect involves the rejection of tax, which is prejudicial to the interests of the revenue. - AT Highlights Income Tax Mon, 18 Jul 2016 11:15:36 +0530 https://www.taxtmi.com/highlights?id=30347