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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Re-opening of assessment - assessee had sold number of shares of ...


Court Reopens Tax Assessment Over Sale of Shares in Shell Company Involved in Fraudulent Capital Gains Claims.

November 2, 2018

Case Laws     Income Tax     HC

Re-opening of assessment - assessee had sold number of shares of a company which was found to be indulging in providing bogus claim of long term and short term capital gain. The company was prima facie found to be a shell company - Notice not quashed.

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