Section 263 Revision: Taxation of Surrendered Income u/s 69A Deemed Inconsistent with Legal Principles by CIT.

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....Revision u/s 263 - taxation of surrendered income u/s 69A - The assessee had surrendered income over and above the normal profits of the concern and not as income from other sources. Assessing Officer had taken a plausible view and the power exercised by learned Commissioner of Income Tax is not as per settled law - AT....