Issue related to bogus shares considered during original assessment can't be taken again during reassessment

INCOME TAX : Where issue of bogus share capital and share premium received by assessee during year under consideration which included sum received from 'S' was considered by Assessing Officer under section 68 at original assessment stage, same amount cannot be brought to tax once again in reassessment proceedings

from www.taxmann.com Latest Case Laws https://ift.tt/3iXj2Hp