AO's Assessment Flawed: Revision Upheld u/s 263 for Misjudging Land Sale Exemption Claim u/s 54B.

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....Revision u/s 263 - nature of land sold - Even if the alternate contention of the assessee were to be accepted, then also, we observe that in the instant facts the AO has not examined the claim of the assessee for exemption u/s 54B of the Act from correct perspective. - Order of revision sustained - AT....