Reassessment on basis of info. that assessee claimed LTCG on selling share of shell co. is valid

INCOME TAX: Where reopening notice was issued against assessee on ground that an information was received from DDIT (Investigation) that assessee had sold shares of a shell company held by it and, thus, exemption of long term capital gain claimed by it from same was bogus, since said information was relevant, specific and reliable and it was not a case of mere change of opinion from same facts as were earlier available on record but Assessing Officer was acting on fresh information,

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