Validity of reopening of assessment u/s 147 - basis of client ...

Assessment Reopening Invalid if Based Solely on Broker's Client Code Modifications u/s 147. No Assessee Wrongdoing Inferred.

April 28, 2021

Case Laws Income Tax AT

Validity of reopening of assessment u/s 147 - basis of client code modification - Merely, there were client codes modifications carried out by the broker cannot the basis to draw an inference against the assessee. In fact, in the case of client code modification the code of the other party is entered at the place of the assessee. - AT

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Validity of reopening of assessment u/s 147 - basis of client ...

Assessment Reopening Invalid if Based Solely on Broker's Client Code Modifications u/s 147. No Assessee Wrongdoing Inferred.

April 28, 2021

Case Laws Income Tax AT

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