TMI BlogRevision u/s 263 by CIT - sale of impugned land measuring 10.162 acres below the stamp duty value -...Revision u/s 263 by CIT - sale of impugned land measuring 10.162 acres below the stamp duty value - under the given circumstances, it can be safely concluded that the price realized by SBI is fair market value of land as on the date of sale - Where there are two possible views and the Assessing Officer has taken one of the possible views, no action to exercise powers of revision can arise, nor can revisional power be exercised for directing a fuller enquiry to find out if the view taken is erron..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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