https://www.taxtmi.com/caselaws?id=777820 Calcutta HC upheld the Tribunal's decision granting relief to the assessee against a revision under s.263, finding the AO had conducted enquiries and considered evidence regarding identity, creditworthiness and genuineness of the share transactions. The Tribunal concluded that both twin conditions required to invoke s.263 were not satisfied and relied on precedent that failure of one condition precludes exercise of s.263. The HC held no substantial question of law arose from the appeal. en-us Tue, 02 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777820 Calcutta HC upheld the Tribunal's decision granting relief to the assessee against a revision under s.263, finding the AO had conducted enquiries and considered evidence regarding identity, creditworthiness and genuineness of the share transactions. The Tribunal concluded that both twin conditions required to invoke s.263 were not satisfied and relied on precedent that failure of one condition precludes exercise of s.263. The HC held no substantial question of law arose from the appeal. Case-Laws Income Tax Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777820