https://www.taxtmi.com/highlights?id=24132 Validity of reopening of assessment - Once the AO accepts that the facts required payment of higher brokerage and it is not disputed that the transaction of brokerage was through banking channel, reduction of allowance of brokerage paid from 10% to 5%, without assigning or giving any reasons for the same, cannot be justified in la - HC en-us Sat, 08 Aug 2015 08:35:24 +0530 Sat, 08 Aug 2015 08:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24132 Validity of reopening of assessment - Once the AO accepts that the facts required payment of higher brokerage and it is not disputed that the transaction of brokerage was through banking channel, reduction of allowance of brokerage paid from 10% to 5%, without assigning or giving any reasons for the same, cannot be justified in la - HC Highlights Income Tax Sat, 08 Aug 2015 08:35:24 +0530 https://www.taxtmi.com/highlights?id=24132