https://www.taxtmi.com/caselaws?id=756669 Revision under section 263 was examined in the context of an alleged under-assessment based on a higher stamp-duty valuation. The High Court noted that the assessee did not effectuate the sale of the land; the secured lenders sold the property to recover dues owed by the assessee. On that factual basis, the Tribunal's view that the Principal Commissioner had failed to notice the underlying facts while invoking section 263 was upheld, and the Supreme Court declined to interfere by dismissing the Special Leave Petition. en-us Mon, 05 Aug 2024 00:00:00 +0530 Fri, 01 May 2026 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756669 Revision under section 263 was examined in the context of an alleged under-assessment based on a higher stamp-duty valuation. The High Court noted that the assessee did not effectuate the sale of the land; the secured lenders sold the property to recover dues owed by the assessee. On that factual basis, the Tribunal's view that the Principal Commissioner had failed to notice the underlying facts while invoking section 263 was upheld, and the Supreme Court declined to interfere by dismissing the Special Leave Petition. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756669