Assessment Order passed without examining Taxability of Agricultural Land sold by  assessee: ITAT upholds Revision Order [Read Order]

Assessment Order - Taxability - Agricultural Land - assessee - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Chennai  bench held that the assessing officer passed the assessment order  without  examining taxability of land sold by the assessee. Therefore the order is erroneous and in so far as it is prejudicial to the interest of Revenue.Hence the bench upheld the revision order passed under Section 263 of…

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