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2019 (8) TMI 1623 - AT - Income TaxRevision u/s 263 - assessee had shown Long Term Capital Gain (LTCG) which was claimed as exempt under section 10(38) and A.O. had not questioned the assessee for calling of the reasonability and justification for the aforesaid LTCG - HELD THAT:- A.O. conducted enquiry and had taken a possible view and the Ld. Pr. CIT simply directed the A.O. to make further enquiry in accordance with law but had not taken any step to make enquiry herself and also did not point out that how and in what manner the enquiries made by the A.O. were not sufficient. We therefore are of the view that the Ld. CIT(A) was not justified in holding the assessment order dt. 28/10/2015 passed by the A.O. as erroneous and prejudicial to the interest of the Revenue, therefore the impugned order is set aside. - Decided in favour of assessee.
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