https://www.taxtmi.com/caselaws?id=302767 The court dismissed the petition challenging the reopening of the assessment, upheld the application of Section 68 regarding share capital and share premium, affirmed the adequacy of reasons recorded by the Assessing Officer, rejected the claim of borrowed satisfaction, and confirmed the sanction from the Commissioner of Income Tax. The interim relief was vacated, and the court found in favor of the respondent on all issues raised by the petitioner. en-us Mon, 26 Feb 2018 00:00:00 +0530 Fri, 17 Jun 2022 09:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302767 The court dismissed the petition challenging the reopening of the assessment, upheld the application of Section 68 regarding share capital and share premium, affirmed the adequacy of reasons recorded by the Assessing Officer, rejected the claim of borrowed satisfaction, and confirmed the sanction from the Commissioner of Income Tax. The interim relief was vacated, and the court found in favor of the respondent on all issues raised by the petitioner. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302767