https://www.taxtmi.com/highlights?id=70154 Validity of Reopening of assessment - reason to belief - Bogus share transactions - AO, while recording the reasons, has not applied his mind and has not brought out any factual finding with regard to the impugned addition. It is also noticed that the assessee’s request with regard to the workings of the impugned addition and the statements recorded from the Broker was not shared with him by the lower authorities - the reopening u/s. 147 is not valid and accordingly, the addition made stands deleted. - AT en-us Tue, 06 Jun 2023 14:54:47 +0530 Tue, 06 Jun 2023 14:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70154 Validity of Reopening of assessment - reason to belief - Bogus share transactions - AO, while recording the reasons, has not applied his mind and has not brought out any factual finding with regard to the impugned addition. It is also noticed that the assessee’s request with regard to the workings of the impugned addition and the statements recorded from the Broker was not shared with him by the lower authorities - the reopening u/s. 147 is not valid and accordingly, the addition made stands deleted. - AT Highlights Income Tax Tue, 06 Jun 2023 14:54:47 +0530 https://www.taxtmi.com/highlights?id=70154