https://www.taxtmi.com/highlights?id=66900 Revision u/s 263 - Income from other sources - AO failed to examine the applicability of s. 56(2)(vii)(b) - Fair Market Value (FMV) (guideline value under Stamp Act) of the property - . It is open for the revisionary authority to examine the same himself proceedings or direct the assessing authority to do so. However, once he adopts the latter course, it is not for us to interfere with the exercise of his discretionary power. - AT en-us Sat, 03 Dec 2022 07:00:29 +0530 Sat, 03 Dec 2022 07:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66900 Revision u/s 263 - Income from other sources - AO failed to examine the applicability of s. 56(2)(vii)(b) - Fair Market Value (FMV) (guideline value under Stamp Act) of the property - . It is open for the revisionary authority to examine the same himself proceedings or direct the assessing authority to do so. However, once he adopts the latter course, it is not for us to interfere with the exercise of his discretionary power. - AT Highlights Income Tax Sat, 03 Dec 2022 07:00:29 +0530 https://www.taxtmi.com/highlights?id=66900