https://www.taxtmi.com/highlights?id=70774 Revision u/s 263 by CIT - Profit on sale of agricultural land - As observed by the Pr. CIT, and, rightly so, as the A.O had failed to verify the maintainability of the assessee’s claim that the transaction of sale of land at Village: Baroda to NRDA was exempt from tax and in absence of any supporting material had summarily accepted his claim, therefore, it was clearly a case where the order on the said aspect had been passed without making any enquiry or verification which should have been made. - AT en-us Thu, 06 Jul 2023 08:48:20 +0530 Thu, 06 Jul 2023 08:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70774 Revision u/s 263 by CIT - Profit on sale of agricultural land - As observed by the Pr. CIT, and, rightly so, as the A.O had failed to verify the maintainability of the assessee’s claim that the transaction of sale of land at Village: Baroda to NRDA was exempt from tax and in absence of any supporting material had summarily accepted his claim, therefore, it was clearly a case where the order on the said aspect had been passed without making any enquiry or verification which should have been made. - AT Highlights Income Tax Thu, 06 Jul 2023 08:48:20 +0530 https://www.taxtmi.com/highlights?id=70774