No. sec. 263 revision to disallow sec. 10(38) exemption if AO duly verified validity of transaction from share trader: ITAT

INCOME TAX : Where assessee claimed Long Term Capital Gain (LTCG) on sale of shares as exempt under section 10(38) and Assessing Officer had taken note of issue related to suspicious LTCG on shares being raised by Investigation wing and had called for documents from assessee to substantiate genuineness of transaction and assessee had filed certain documents which Assessing Officer in his assessment order had acknowledged to have verified from share trader, impugned order of Assessing Officer all

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