https://www.taxtmi.com/caselaws?id=780678 ITAT RAJKOT - AT upheld revision under s.263, finding the AO failed to examine transaction mode, dematerialisation and Demat debits/credits for shares, rendering acceptance of LTCG exemption under s.10(38) erroneous and prejudicial to revenue. The Tribunal held s.263 may be invoked where facts were undisputed but not properly examined or where the issue is debatable. CIT's exercise of jurisdiction was held proper and the assessee's appeal was dismissed. en-us Tue, 09 Sep 2025 00:00:00 +0530 Tue, 04 Nov 2025 08:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780678 ITAT RAJKOT - AT upheld revision under s.263, finding the AO failed to examine transaction mode, dematerialisation and Demat debits/credits for shares, rendering acceptance of LTCG exemption under s.10(38) erroneous and prejudicial to revenue. The Tribunal held s.263 may be invoked where facts were undisputed but not properly examined or where the issue is debatable. CIT's exercise of jurisdiction was held proper and the assessee's appeal was dismissed. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780678