The Kolkata bench of the ITAT upheld the Ld. PCIT’s revisional order u/s 263

The Kolkata bench of the ITAT upheld the Ld. PCIT’s revisional order u/s 263

The Kolkata bench of the ITAT upheld the Ld. PCIT’s revisional order u/s 263 when the Assessing Officer failed to enquire about bogus Transactions of earning long-term capital gain from penny stock companies after placing reliance on the judgment of Hon’ble Jurisdictional High Court in the case of Swati Bajaj & Others (2022) 139 taxmann.com 352(Cal.) pronounced on 14.06.2022.



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