https://www.taxtmi.com/caselaws?id=247852 The Court found in favor of the Petitioner in challenging the Notice issued under section 148 of the Income Tax Act 1961. The Court held that the reasons for reopening the assessment, related to V SAT deposit expenses and derivative transactions, were unsustainable as the Petitioner had already provided details on these issues in previous correspondence with the Respondent. The Court ruled in favor of the Petitioner, making the rule absolute and not awarding any costs. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sun, 25 May 2014 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247852 The Court found in favor of the Petitioner in challenging the Notice issued under section 148 of the Income Tax Act 1961. The Court held that the reasons for reopening the assessment, related to V SAT deposit expenses and derivative transactions, were unsustainable as the Petitioner had already provided details on these issues in previous correspondence with the Respondent. The Court ruled in favor of the Petitioner, making the rule absolute and not awarding any costs. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247852