https://www.taxtmi.com/highlights?id=70968 Reopening of assessment u/s 147 - Reopening beyond period of four years - reasons to believe - Even assuming, Revenues’ case is petitioner should have disclosed that these were bogus or accommodation entries, still there is nothing on record to indicate that petitioner was aware that these were bogus shares capital/premium from bogus paper companies, viz., SHPL and SCPL and were accommodation entries. - Notice quahsed and set aside - HC en-us Tue, 18 Jul 2023 08:14:16 +0530 Tue, 18 Jul 2023 08:14:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70968 Reopening of assessment u/s 147 - Reopening beyond period of four years - reasons to believe - Even assuming, Revenues’ case is petitioner should have disclosed that these were bogus or accommodation entries, still there is nothing on record to indicate that petitioner was aware that these were bogus shares capital/premium from bogus paper companies, viz., SHPL and SCPL and were accommodation entries. - Notice quahsed and set aside - HC Highlights Income Tax Tue, 18 Jul 2023 08:14:16 +0530 https://www.taxtmi.com/highlights?id=70968