During year, assessee filed its return of income inter alia claiming exemption under S.10(38) on account of long term capital gains on sale of shares  which was accepted. PCIT  has passed the revision order on the ground that an information was received from DIT (Inv) that assessee was beneficiary of bogus long terms capital gain (LTCG) on sale of shares and, accordingly, exemption under S.10(38) claimed by assessee was disallowed. On appeal the Tribunal held that  the assessee had duly produced all primary documents in relation to LTCG earned by it before AO and these documents reflected occurrence of transactions in normal course on platform of stock exchange. Details of information received by PCIT from DIT (Inv.) were not provided to assessee at all at any stage of proceedings. PCIT had remained silent on contents of interim reply filed by assessee against invocation of revision. Accordingly  the Tribunal held that PCIT is  unjustified in invoking provisional jurisdiction so as to hold transaction of assessee of LTCG to be bogus and deny exemption under S. 10(38) of the Act.  (AY. 2013-14)