https://www.taxtmi.com/caselaws?id=773352 The ITAT Delhi upheld the CIT(A)'s decision to quash the reopening of assessment initiated after four years based on SFIO information regarding NSEL transactions involving CCM by brokers. The AO failed to establish that the assessee had not disclosed material facts truly and fully, with the assessment order lacking basic details like broker names and specific scripts involved in CCM. On merits, the assessee demonstrated that gains from disputed transactions were already declared in the return of income, leading to deletion of the addition. en-us Fri, 30 May 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773352 The ITAT Delhi upheld the CIT(A)'s decision to quash the reopening of assessment initiated after four years based on SFIO information regarding NSEL transactions involving CCM by brokers. The AO failed to establish that the assessee had not disclosed material facts truly and fully, with the assessment order lacking basic details like broker names and specific scripts involved in CCM. On merits, the assessee demonstrated that gains from disputed transactions were already declared in the return of income, leading to deletion of the addition. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773352