Dismissing the SLP of the Revenue the Court held that  finding that transaction was a solitary transaction and no development activity was made, was in consonance with facts recorded by Assessing Officer.  Only difference was that Assessing Officer had taken a view that for any purchase or sale of a land, assessee was liable to pay capital gains tax and Commissioner had taken a different view. High Court  held that merely because two plausible views were available and Assessing Officer had taken one view, jurisdiction under section 263 could not have been exercised, revision order is set aside.  SLP filed by revenue against order passed by High Court is  dismissed.(AY. 2008-09)