2018 (10) TMI 1758

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..... of shares of M/S Nivyah Infrastructure and Telecom Services Ltd. (erstwhile M/S S.V. Electricals Ltd. ) was expressly referred and inquiry was sought to be made by seeking an explanation. The assessee replied to this letter on 6 th January, 2014 and claims to have given complete details of this transaction. Prima facie, therefore, and in the absence of any reasons set out in the affida .....

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..... nge of Opinion expressly refers to the factual position and particularly, the show cause notice sent by the Assessing Officer dated 26 th December, 2013. In this show cause notice, the transaction of purchase and sale of shares of M/S Nivyah Infrastructure and Telecom Services Ltd. (erstwhile M/S S.V. Electricals Ltd. ) was expressly referred and inquiry was sought to be made by seeking an e .....

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