2016 (11) TMI 1391

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..... ngs, empowering him to revisit the concluded scrutiny assessment for the concerned years and arrive at a contrary conclusion. The reading in Kabul Chawla (2015 (9) TMI 80 - DELHI HIGH COURT ) and other decisions based on that judgement are decisive; unless the revenue seizes any fresh material or information or records a statement which leads to some information or material, revisiting a concluded .....

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..... ncome being short term capital loss which was incorrect and that the A.O. in the block assessment rightly concluded that the income was derived from business. The search and seizure proceedings were carried out at the assessee's premises on 22.03.2011. Thereafter notice was issued under Section 153(A). Assessee's return was scrutinized for the block period and the A.O. concluded that the amount cl .....

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