CIT rightly made revision as AO failed to examine accrual of capital gains in development agreement

IT : Where in pursuance of development agreement, assessee handed over possession of land to developer, there was 'transfer' in terms of section 2(47)(v); and failure on part of Assessing Officer at time of assessment to make any or examining issue of accrual of capital gains would render assessment order erroneous and prejudicial to interest of revenue