https://www.taxtmi.com/caselaws?id=436870 The Tribunal dismissed the revisional order challenging the reassessment under Section 263 of the Income Tax Act for Assessment Year 2009-10. It upheld the assessee's position that the sale deed was akin to a gift deed, finding no error in the reassessment order. The Tribunal concluded that the revisional jurisdiction was unjustified, quashing the revisional order dated 27.12.2018 and allowing the appeal of the assessee. en-us Thu, 20 Apr 2023 00:00:00 +0530 Sat, 22 Apr 2023 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436870 The Tribunal dismissed the revisional order challenging the reassessment under Section 263 of the Income Tax Act for Assessment Year 2009-10. It upheld the assessee's position that the sale deed was akin to a gift deed, finding no error in the reassessment order. The Tribunal concluded that the revisional jurisdiction was unjustified, quashing the revisional order dated 27.12.2018 and allowing the appeal of the assessee. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436870