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2022 (2) TMI 686 - AT - Income TaxRevision u/s 263 - transaction of equity shares and working of short term capital gain/long term capital gain - HELD THAT:- We observed on identical situation when once the AO has issued questionnaire and specific information was sought on transactions and assessee furnished the details as called for and assessee has filed all the details of purchase of shares which is through banking channel. Once the issue is addressed by the assessee to the satisfaction of the AO, in this scenario, the Coordinate Bench of the Tribunal in the case of Mrs. Manisha Ajay Shah [2020 (10) TMI 660 - ITAT MUMBAI] considered the facts on record and quashed the order passed by the Ld. Pr.CIT. In our considered view the facts in the present case applicable mutatis mutandis to the above case. Therefore, we set aside the order passed u/s. 263 of the Act. - Decided in favour of assessee.
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