https://www.taxtmi.com/caselaws?id=440516 The Tribunal upheld the CIT(E)'s order, determining that the assessment order was erroneous and prejudicial to the Revenue's interests. The Assessee's contentions regarding the classification of the sold land, validity of the Section 263 order, incorrect allowance of deduction under Section 54B, and applicability of exemptions under Sections 11 and 12 were dismissed. The Tribunal affirmed the order under appeal, dismissing the Assessee's appeal for lack of merit. en-us Mon, 19 Jun 2023 00:00:00 +0530 Wed, 19 Jul 2023 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440516 The Tribunal upheld the CIT(E)'s order, determining that the assessment order was erroneous and prejudicial to the Revenue's interests. The Assessee's contentions regarding the classification of the sold land, validity of the Section 263 order, incorrect allowance of deduction under Section 54B, and applicability of exemptions under Sections 11 and 12 were dismissed. The Tribunal affirmed the order under appeal, dismissing the Assessee's appeal for lack of merit. Case-Laws Income Tax Mon, 19 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440516