"He has been very busy since he was back."
It seems to me that you're thinking of these two possible meanings:
1. He has been very busy (ever) since he came back. (after an event)
2. He has been very busy because he came back. (because of an event)
Most people probably interpret it like #1, because it doesn't make immediate sense for a person to be busy just because "he came back". There should be a clearer way to state it, like "He came back to his busy daily routine", for example.
But the bigger problem might be that the original sentence is not very clear for any meaning.
The present perfect "has/hasn't been ... (since)" works best with a time point (like date) or an event implying a time point after "since", or "ever since" as is often used for emphasis.
"he was back" is more of a state than an event, suggesting "he came back and has been there for an indefinite time (likely up to now, but this part is unclear because of "was")", with a vague sense of duration. So it is confusing the same way "It's been five years since I have learned English" would be ambiguous - does it mean "since I started learning", "since I completed (a major part of) learning", or "since I stopped learning", or what?
I recommend writing it like my #1 example if you mean ever since he returned, or phrase it differently if you mean a reason by "since ...".