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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - penny stock Purchases - There ...


Taxpayer Challenges Reopening of Assessment u/s 147 Due to Errors in Mentioning Transactions with Nyssa Corporation Ltd.

November 25, 2022

Case Laws     Income Tax     AT

Reopening of assessment u/s 147 - penny stock Purchases - There is not even whisper in the reasons recorded about dealing in shares of Nyssa Corporation Ltd. or the Assessee had taken any accommodation entry on this script. AO is referring to altogether different script which has not been under taken by the Assessee at all. - AT

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