Section 263 Review: Assessing Officer's Decision on Short-Term Capital Gains from Alleged Penny Stocks Upheld, No Revision Needed.

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....Revision u/s 263 - STCG on alleged Penny Stock - sale and purchase of shares listed on the BSE through registered share broker at rates of stock exchange - AO had discharged his duties as an investigator as well as that of an adjudicator and applied his mind on the issue before him and taking into consideration the explanation rendered, had taken a reasonable and plausible decision to allow STCG - no revision....