Allowing the appeal of the assessee the Tribunal held that, when specific query was raised during assessment proceedings as regards details relating to share trading loss. Merely having a different opinion upon the treatment of any receipt cannot be the basis for revision. Revision order is quashed. (AY. 2012-13)
Shree Balkrishna Commercial Co. Ltd. v. PCIT (2021) 214 TTJ 1057 / 63 CCH 515 / 208 DTR 425 (Delhi)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Trading loss-Rental income-Income from house property-Income from other sources-Specific query was raised during assessment proceedings-Revision was held to be not valid. [S. 22, 24, 28((i), 56]