https://www.taxtmi.com/caselaws?id=472506 Revisionary jurisdiction over a capital-gains assessment cannot be invoked merely because the Commissioner prefers further or different verification. Where computation, sale and purchase materials, and agricultural-land investment were furnished and examined in assessment, the Assessing Officer's partial disallowance of exemption and acceptance of the remaining computation constituted a fact-based plausible view. Non-application of stamp-duty valuation provisions did not itself establish an error unsustainable in law and prejudicial to Revenue. The revisionary order was unsustainable, and the original assessment stood restored. en-us Tue, 22 Apr 2025 00:00:00 +0530 Wed, 14 Oct 2026 13:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472506 Revisionary jurisdiction over a capital-gains assessment cannot be invoked merely because the Commissioner prefers further or different verification. Where computation, sale and purchase materials, and agricultural-land investment were furnished and examined in assessment, the Assessing Officer's partial disallowance of exemption and acceptance of the remaining computation constituted a fact-based plausible view. Non-application of stamp-duty valuation provisions did not itself establish an error unsustainable in law and prejudicial to Revenue. The revisionary order was unsustainable, and the original assessment stood restored. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472506