Allowing the appeal of the assessee the Tribunal held that the Genuineness of transaction was verified by the Assessing Officer in the original assessment proceedings. Revision was held to be not valid (AY. 2014-15)
Satish Kumar Lakhmani v. PCIT (2021) 190 ITD 73 (Kol.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital gains-Genuineness of transaction was verified by the Assessing Officer-Revision was held to be not valid. [S. 10(38), 45]