Thursday, June 19, 2014

[aaykarbhavan] ALL HC: AO couldn’t initiate re-assessment if broker who previously substantiated the transaction wasn’t traceable




June 19, 2014[2014] 45 taxmann.com 420 (Allahabad)/[2014] 223 Taxman 110 (Allahabad)(MAG.)
IT : Where assessee had filed bills, vouchers, contractor's note and also detail of transactions of sale and purchase of shares which had been routed through banking channels and Assessing Officer had not found any defect in assessment order, reopening would not be justified
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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