https://www.taxtmi.com/caselaws?id=439350 The Tribunal allowed the appeal, ruling in favor of the assessee concerning the validity of the reopening of assessment beyond the prescribed period and the addition of income due to client code modification by the broker. The Tribunal emphasized the lack of proper analysis by the Assessing Officer and CIT(A) in assessing the transaction details, leading to an incorrect assumption. The appellant's contentions regarding the treatment of total transaction value as income and compliance with natural justice principles were also acknowledged. en-us Fri, 16 Jun 2023 00:00:00 +0530 Thu, 22 Jun 2023 09:06:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439350 The Tribunal allowed the appeal, ruling in favor of the assessee concerning the validity of the reopening of assessment beyond the prescribed period and the addition of income due to client code modification by the broker. The Tribunal emphasized the lack of proper analysis by the Assessing Officer and CIT(A) in assessing the transaction details, leading to an incorrect assumption. The appellant's contentions regarding the treatment of total transaction value as income and compliance with natural justice principles were also acknowledged. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439350