https://www.taxtmi.com/highlights?id=66698 Revision u/s 263 - Since the two properties referred by Ld. PCIT belonged to the partnership firm, the profit on sale of those properties cannot be assessed in the hands of the assessee. When there is no revenue leakage in the hands of the assessee, the impugned assessment order cannot be termed as erroneous and prejudicial to the interests of revenue in respect of this issue. - AT en-us Tue, 22 Nov 2022 16:36:03 +0530 Tue, 22 Nov 2022 16:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66698 Revision u/s 263 - Since the two properties referred by Ld. PCIT belonged to the partnership firm, the profit on sale of those properties cannot be assessed in the hands of the assessee. When there is no revenue leakage in the hands of the assessee, the impugned assessment order cannot be termed as erroneous and prejudicial to the interests of revenue in respect of this issue. - AT Highlights Income Tax Tue, 22 Nov 2022 16:36:03 +0530 https://www.taxtmi.com/highlights?id=66698