Revision Upheld: Section 263 Review on Section 54B Deduction Claim for Agricultural Land Sale Without Adequate Inquiry by Assessing Officer. https://www.taxtmi.com/highlights?id=49782 Revision u/s 263 - Claim of deduction u/s 54B - sale of agriculture land after plotting - the issue is not limited to the capital gain or business income but the issue is allowing the deduction u/s 54B without conducting a minimum enquiry by the AO whether the conditions prescribed u/s 54B are satisfied or not - Revision upheld. en-us Fri, 18 Oct 2019 07:35:41 +0530 Fri, 18 Oct 2019 07:35:41 +0530 TaxTMI RSS Generator Revision Upheld: Section 263 Review on Section 54B Deduction Claim for Agricultural Land Sale Without Adequate Inquiry by Assessing Officer. https://www.taxtmi.com/highlights?id=49782 Revision u/s 263 - Claim of deduction u/s 54B - sale of agriculture land after plotting - the issue is not limited to the capital gain or business income but the issue is allowing the deduction u/s 54B without conducting a minimum enquiry by the AO whether the conditions prescribed u/s 54B are satisfied or not - Revision upheld. Highlights Income Tax Fri, 18 Oct 2019 07:35:41 +0530 https://www.taxtmi.com/highlights?id=49782