In the result, appeal filed by the assessee is allowed
Bench: Shri V. Durgarao & Shrik.M. Roy, Accountant, Member
u/s 263 could be invoked.‖ 10. On the other hand, the learned Departmental Representative vehemently submitted that the revisional proceedings have been correctly initiated. He submitted that the assessee had miserably failed to comply with the conditions of section 54B and 54EC of the Act and thus the appeal needs to be dismissed. He submitted that in any case