Challenge to Assessment Reopening: AO's Exemption on Investment Profits Already Disclosed, Outside Scope of Section 147.

Reopening of assessment - It cannot be disputed that the exemption claimed by the AO in respect of the profit on sale/redemption of investments was duly disclosed and the AO had also opined on the merits of the taxability of profits on sale/redemption of investments - outside the scope of Section 147 - HC .....

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