No revision by CIT on mere ‘Cut & Paste’ reasoning without mind application

Satish Kumar Lakhmani Vs PCIT (ITAT Kolkata)

Conclusion: CIT could not brand the action of AO to accept the claim of assessee in respect of LTCG as a case of no enquiry on the part of AO to term it as an erroneous order and which finding could have facilitated him to usurp/interfere by exercising his revisional jurisdiction u/s. 263. Further, CIT himself ought to have conducted enquiry to bring out the fallacy as to show how the enquiry conducted by the AO was erroneous. Thus, revision was not justified as t

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