https://www.taxtmi.com/caselaws?id=343043 The Tribunal upheld the Principal Commissioner's decision to invoke Section 263 due to the incorrect application of Section 50C by the Assessing Officer. The exemption under Section 54 EC was unaffected by the revision. The appeal was dismissed, affirming the Principal Commissioner's order under Section 263. en-us Mon, 15 May 2017 00:00:00 +0530 Thu, 18 May 2017 07:30:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343043 The Tribunal upheld the Principal Commissioner's decision to invoke Section 263 due to the incorrect application of Section 50C by the Assessing Officer. The exemption under Section 54 EC was unaffected by the revision. The appeal was dismissed, affirming the Principal Commissioner's order under Section 263. Case-Laws Income Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343043