https://www.taxtmi.com/highlights?id=54010 Revision u/s 263 - Capital gain computation - On both the issues i.e (i). applicability of sec. 50C to the transfer transaction under consideration; and (ii). verification of cost of acquisition/improvement of the property in question, which had been adopted by the A.O as the A.O had failed to make necessary inquiries and verifications, therefore, the Pr. CIT in our considered view had rightly exercised his revisional jurisdiction u/s 263 of the Act. en-us Tue, 14 Jul 2020 11:48:20 +0530 Tue, 14 Jul 2020 11:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54010 Revision u/s 263 - Capital gain computation - On both the issues i.e (i). applicability of sec. 50C to the transfer transaction under consideration; and (ii). verification of cost of acquisition/improvement of the property in question, which had been adopted by the A.O as the A.O had failed to make necessary inquiries and verifications, therefore, the Pr. CIT in our considered view had rightly exercised his revisional jurisdiction u/s 263 of the Act. Highlights Income Tax Tue, 14 Jul 2020 11:48:20 +0530 https://www.taxtmi.com/highlights?id=54010