PCIT Highlights LTCG and Advance Payment Errors; Assessing Officer's Oversight u/s 142(1) Leads to Section 263 Revision Order.

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....Revision u/s 263 - the defects noticed by the ld. PCIT in respect of computation of LTCG and advance payment received - No question has been asked on the above aspects and no reply was given by the assessee. Even under section 142(1) of the Act, the Assessing Officer has not issued any questionnaire in respect of LTCG and advance payments received - Revision order sustained - AT....