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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Validity of reopening of assessment - The Revenue has not taken ...


Reopening Assessment Questioned Due to Inconsistent Treatment of Co-owners with Similar Capital Gains Transactions.

February 24, 2021

Case Laws     Income Tax     AT

Validity of reopening of assessment - The Revenue has not taken any action for reopening the case of co-owner and thereby accepted the similar STCG on same transaction, therefore, in our view, the assessee cannot be treated indifferently for similar transaction. - AT

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