https://www.taxtmi.com/caselaws?id=419723 The Tribunal found that the Principal Commissioner of Income Tax improperly exercised jurisdiction under Section 263 of the Income Tax Act. The Assessing Officer had conducted a detailed enquiry into the matter of long-term capital gains on the sale of shares and had taken a plausible view. The Tribunal concluded that the revisionary proceedings and order by the PCIT were quashed, and the appeal of the assessee was allowed. en-us Wed, 05 Jan 2022 00:00:00 +0530 Thu, 17 Mar 2022 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419723 The Tribunal found that the Principal Commissioner of Income Tax improperly exercised jurisdiction under Section 263 of the Income Tax Act. The Assessing Officer had conducted a detailed enquiry into the matter of long-term capital gains on the sale of shares and had taken a plausible view. The Tribunal concluded that the revisionary proceedings and order by the PCIT were quashed, and the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419723