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2016 (1) TMI 1103 - AT - Income TaxRevision u/s 263 - whether in the present case the AO made the necessary enquiry with regard to the money received by the assessee from prospective buyers of the developed land? - Held that:- O had conducted inquiries with regard to the money receipt by the assessee from prospective buyers of developed land. The CIT therefore could not have invoked the jurisdiction u/s 263 of the Act on the ground that there was lack of inquiry on the part of the AO - Decided in favour of assessee.
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