https://www.taxtmi.com/caselaws?id=448099 The HC upheld the Tribunal's decision setting aside the revision under section 263. The Tribunal found no error in the AO's computation of capital gains, noting the assessee lawfully set off long-term capital loss against short-term capital gain. As no jurisdictional error or prejudice to Revenue was established, the PCIT lacked authority to invoke section 263. The HC found no infirmity or substantial question of law in the Tribunal's reasoning and dismissed the appeal. en-us Mon, 01 Jan 2024 00:00:00 +0530 Fri, 10 Apr 2026 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448099 The HC upheld the Tribunal's decision setting aside the revision under section 263. The Tribunal found no error in the AO's computation of capital gains, noting the assessee lawfully set off long-term capital loss against short-term capital gain. As no jurisdictional error or prejudice to Revenue was established, the PCIT lacked authority to invoke section 263. The HC found no infirmity or substantial question of law in the Tribunal's reasoning and dismissed the appeal. Case-Laws Income Tax Mon, 01 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448099