https://www.taxtmi.com/highlights?id=75873 Validity of Revision u/s 263 - The tribunal held that the exercise of the second revision jurisdiction by the PCIT on the same issue was not justified. It noted that the AO had made necessary inquiries as per the directions of the first PCIT and that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the share subscribers. en-us Wed, 20 Mar 2024 09:19:04 +0530 Wed, 20 Mar 2024 09:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75873 Validity of Revision u/s 263 - The tribunal held that the exercise of the second revision jurisdiction by the PCIT on the same issue was not justified. It noted that the AO had made necessary inquiries as per the directions of the first PCIT and that the assessee had provided sufficient evidence to prove the identity, creditworthiness, and genuineness of the share subscribers. Highlights Income Tax Wed, 20 Mar 2024 09:19:04 +0530 https://www.taxtmi.com/highlights?id=75873