https://www.taxtmi.com/caselaws?id=470998 Reassessment based on recorded reasons alleging undisclosed bogus long-term capital gains was invalid because the relevant share transactions produced short-term capital gains already disclosed in the original return. The factual premise for reopening was therefore incorrect. Reassessment at the originally returned income further showed that no income had escaped assessment. The reassessment order was quashed in favour of the assessee. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 22:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470998 Reassessment based on recorded reasons alleging undisclosed bogus long-term capital gains was invalid because the relevant share transactions produced short-term capital gains already disclosed in the original return. The factual premise for reopening was therefore incorrect. Reassessment at the originally returned income further showed that no income had escaped assessment. The reassessment order was quashed in favour of the assessee. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470998