https://www.taxtmi.com/highlights?id=58197 Reopening of assessment u/s 147 - penny stock purchases - “new ground” v/s “new reasons” - We take the notice of the fact that, the copy of the approval has been provided to the assessee at the stage of passing the order of disposing the objections raised by the assessee. Therefore, it is evident that, in the instant case, the authorities concerned have given approval after due application of mind and expressed their satisfaction with regard to the reasons recoded for reopening of the assessment. - HC en-us Mon, 31 May 2021 17:21:57 +0530 Mon, 31 May 2021 17:21:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58197 Reopening of assessment u/s 147 - penny stock purchases - “new ground” v/s “new reasons” - We take the notice of the fact that, the copy of the approval has been provided to the assessee at the stage of passing the order of disposing the objections raised by the assessee. Therefore, it is evident that, in the instant case, the authorities concerned have given approval after due application of mind and expressed their satisfaction with regard to the reasons recoded for reopening of the assessment. - HC Highlights Income Tax Mon, 31 May 2021 17:21:57 +0530 https://www.taxtmi.com/highlights?id=58197