Tuesday, July 7, 2020

No reassessment to treat LTCG on sale of shares as bogus if full details were provided during scrutiny assessment

INCOME TAX : Validity of reassessment proceedings could not be upheld on ground that assessee earned bogus long term capital gain on sale of shares when assessee gave full details of its share transactions carried out in relevant year at time of completing assessment under section 143(3)

from www.taxmann.com Latest Case Laws https://ift.tt/38yTE3r
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