During the assessment proceedings the AO has examined the dividend income and reconciled the with DDT paid. The Revision order is quashed-Explanation 2 is not applicable. (AY. 2017-18)
Sampark Management Consultancy LLP v. PCIT (2024) 230 TTJ 735 / 241 DTR 84 / 38 NYPTTJ 365 (Delhi)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Dividend-Mutual fund and Equity shares-Explanation 2 is not applicable-Revision is quashed. [S. 10(35), 115BBDA 143(3)]