Held that explicit queries about the long-term capital gains and exemption claim were raised and pursuant thereto a submissions were made by the assessee. Thereupon a consequential inquiry into the assessee’s entitlement was carried out and on finding no evidence there against, the exemption was allowed. Accordingly the action of Chief Commissioner was not sustainable at law. There being no infirmity in the order of assessment, the revision order was  quashed.(AY.2015-16)