No revision u/s 263 merely on the basis of suspicions.

Smt. Bhavna B. Kothari Vs ITO (ITAT Bangalore) Conclusion: Merely because the issue was not elaborately discussed in the quantum assessment could not be a ground to invoke revisional jurisdiction u/s 263 particularly when the details called for by AO were submitted and placed on record. Held: During the course of regular assessment proceedings, assessee had filed complete details of computation of LTCG. The copies of purchase bills, bank passbook evidencing purchase of shares through banking channels, copies of allotment letters pursuant to scheme of amalgamation, copy of demat statements, sal...