https://www.taxtmi.com/highlights?id=61129 Revision u/s 263 - claim for deduction u/s 54B - the assessment order cannot be termed as “erroneous”. There is no material on record indicating that the appellant had not satisfied the conditions laid down under the provisions of the Act for claiming exemption u/s 54B of the Act. Therefore, the assessment order cannot be branded as “erroneous” and “prejudicial to the interests of the revenue”. - AT en-us Sat, 25 Dec 2021 13:38:10 +0530 Sat, 25 Dec 2021 13:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61129 Revision u/s 263 - claim for deduction u/s 54B - the assessment order cannot be termed as “erroneous”. There is no material on record indicating that the appellant had not satisfied the conditions laid down under the provisions of the Act for claiming exemption u/s 54B of the Act. Therefore, the assessment order cannot be branded as “erroneous” and “prejudicial to the interests of the revenue”. - AT Highlights Income Tax Sat, 25 Dec 2021 13:38:10 +0530 https://www.taxtmi.com/highlights?id=61129