https://www.taxtmi.com/caselaws?id=471070 Reassessment cannot be validly initiated on the premise that stock-option transaction profit escaped assessment where substantially corresponding commodity-dealing profit was already disclosed in the profit and loss account, computation of income and return. The alleged escaped income had therefore already been offered to tax and assessed on the basis of the return. The reopening and consequential reassessment order were quashed in favour of the assessee. en-us Tue, 01 Apr 2025 00:00:00 +0530 Wed, 19 Aug 2026 18:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471070 Reassessment cannot be validly initiated on the premise that stock-option transaction profit escaped assessment where substantially corresponding commodity-dealing profit was already disclosed in the profit and loss account, computation of income and return. The alleged escaped income had therefore already been offered to tax and assessed on the basis of the return. The reopening and consequential reassessment order were quashed in favour of the assessee. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471070