https://www.taxtmi.com/highlights?id=56143 Revision u/s 263 - Characterization of income - Real estate business - Assessing Officer has conducted sufficient enquiry as required under Explanation 2(a) to Section 263 and there was material available on record to arrive at a conclusion, which was recorded by the Assessing Officer. It is trite law that merely because a different view can be taken, the powers under Section 263 of the Act cannot be invoked - Decided in favour of assessee. - HC en-us Thu, 31 Dec 2020 15:04:50 +0530 Thu, 31 Dec 2020 15:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56143 Revision u/s 263 - Characterization of income - Real estate business - Assessing Officer has conducted sufficient enquiry as required under Explanation 2(a) to Section 263 and there was material available on record to arrive at a conclusion, which was recorded by the Assessing Officer. It is trite law that merely because a different view can be taken, the powers under Section 263 of the Act cannot be invoked - Decided in favour of assessee. - HC Highlights Income Tax Thu, 31 Dec 2020 15:04:50 +0530 https://www.taxtmi.com/highlights?id=56143