https://www.taxtmi.com/caselaws?id=412249 The Tribunal ruled in favor of the assessee, setting aside the order passed under section 263 by the Principal CIT. The Tribunal emphasized the importance of valid considerations in assessment orders and the need for proper examination of records before invoking revisionary powers. The detailed analysis of the sale value allocation and capital gains computation supported the Tribunal's decision to allow the appeal. en-us Mon, 06 Sep 2021 00:00:00 +0530 Tue, 14 Sep 2021 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412249 The Tribunal ruled in favor of the assessee, setting aside the order passed under section 263 by the Principal CIT. The Tribunal emphasized the importance of valid considerations in assessment orders and the need for proper examination of records before invoking revisionary powers. The detailed analysis of the sale value allocation and capital gains computation supported the Tribunal's decision to allow the appeal. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412249