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of ITAT upheld the assessee's appeal, rejecting the revisional order under Section 263. The tribunal found no merit in the revenue's allegations regarding inadequate inquiry into long-term capital gains exemption claim. Purchase of shares occurred three years prior to sale, with payments made through banking channels and documented in demat account. The tribunal determined that minor procedural insufficiencies do not warrant revisional proceedings, emphasizing that the Assessing Officer's approach was not perfunctory. Consequently, the revisional order was set aside, affirming the original assessment order and allowing the assessee's exemption claim under Section 10(38).
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