https://www.taxtmi.com/caselaws?id=205464 The High Court upheld the Tribunal's decision to quash the reassessment order under Section 143(3)/147 of the Income Tax Act. The Court found the reassessment proceedings invalid based on information regarding cash deposits and transactions, supporting the appellant's contention against the ITAT's decision. Precedents influenced the Court's ruling, leading to a favorable outcome for the assessee in treating losses and profits from trading shares. The appeal by the Revenue was dismissed, affirming the quashing of the reassessment order. en-us Fri, 03 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205464 The High Court upheld the Tribunal's decision to quash the reassessment order under Section 143(3)/147 of the Income Tax Act. The Court found the reassessment proceedings invalid based on information regarding cash deposits and transactions, supporting the appellant's contention against the ITAT's decision. Precedents influenced the Court's ruling, leading to a favorable outcome for the assessee in treating losses and profits from trading shares. The appeal by the Revenue was dismissed, affirming the quashing of the reassessment order. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205464