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Revisionary proceedings could be initiated by CIT if view taken by AO was clearly unsustainable in law

April 10, 2019[2019] 104 155 (Ahmedabad - Trib.)/[2019] 176 ITD 642 (Ahmedabad - Trib.)

IT: Revision proceedings under section 263 were justified as Assessing Officer accepted assessee's claim of considering sale consideration as per agreement, instead of jantri value on which stamp duty was collected as sale consideration under section 50C for computation of capital gains, which was clearly unsustainable

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