Section 263 Revision Proceedings Upheld Due to AO's Omission on Penny Stock Transaction Scrutiny in Assessment Order.

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....Revision u/s 263 - penny stock transactions - In the instant case, there were three specific reasons for which the scrutiny was carried out but there is not a whisper by the AO in the assessment order about any of the issues even the one relating to suspicious transactions in penny stock companies. - Revision proceedings sustained - AT....