Section 263 Revision: Deduction Allowed for Agricultural Land Bought in Son's Name u/s 54B, No Conflict Found.

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....Revision u/s 263 - exemption u/s 54B - Investment in / purchase of agriculture land in the name of son - AO following the decision of HC allowed the deduction - The revenue has not brought to our notice any contrary judgment by the Hon'ble jurisdictional High Court or Hon'ble Supreme Court as a binding precedence. Therefore, under these facts, it cannot be construed that the order passed by the assessing officer is prejudicial to the interest of the revenue. - AT....