Challenge to Assessment Reopening: AO's Exemption on Investment Profits Already Disclosed, Outside Scope of Section 147.

Challenge to Assessment Reopening: AO's Exemption on Investment Profits Already Disclosed, Outside Scope of Section 147. https://www.taxtmi.com/highlights?id=24781 Reopening of assessment - It cannot be disputed that the exemption claimed by the AO in respect of the profit on sale/redemption of investments was duly disclosed and the AO had also opined on the merits of the taxability of profits on sale/redemption of investments - outside the scope of Section 147 - HC en-us Thu, 17 Sep 2015 10:07:07 +0530 Thu, 17 Sep 2015 10:07:07 +0530 TaxTMI RSS Generator Challenge to Assessment Reopening: AO's Exemption on Investment Profits Already Disclosed, Outside Scope of Section 147. https://www.taxtmi.com/highlights?id=24781 Reopening of assessment - It cannot be disputed that the exemption claimed by the AO in respect of the profit on sale/redemption of investments was duly disclosed and the AO had also opined on the merits of the taxability of profits on sale/redemption of investments - outside the scope of Section 147 - HC Highlights Income Tax Thu, 17 Sep 2015 10:07:07 +0530 https://www.taxtmi.com/highlights?id=24781