https://www.taxtmi.com/caselaws?id=760985 Delhi HC quashed reassessment notices u/s 148 for AY 2008-09 and 2011-12 regarding share premium additions u/s 68 from Gold Singapore. The court held that since the AO had previously accepted Gold Singapore's identity, creditworthiness, and transaction genuineness in assessments for AY 2012-13, 2015-16, and 2020-21, no valid reasons existed for reopening earlier years. The Department's acceptance of the same transactions in subsequent years precluded reassessment proceedings for identical issues in prior years. Case decided in favor of assessee. en-us Mon, 28 Oct 2024 00:00:00 +0530 Tue, 10 Jun 2025 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760985 Delhi HC quashed reassessment notices u/s 148 for AY 2008-09 and 2011-12 regarding share premium additions u/s 68 from Gold Singapore. The court held that since the AO had previously accepted Gold Singapore's identity, creditworthiness, and transaction genuineness in assessments for AY 2012-13, 2015-16, and 2020-21, no valid reasons existed for reopening earlier years. The Department's acceptance of the same transactions in subsequent years precluded reassessment proceedings for identical issues in prior years. Case decided in favor of assessee. Case-Laws Income Tax Mon, 28 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760985