Court Quashes Notice u/s 148 Due to Lack of Evidence on Share Sale Taxability in Reopening Assessment Case.

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....Reopening of assessment u/s 147 - There is nothing on record prima facie suggesting that the profit out of sale of shares was taxable under the normal provisions or that it was excluded for the purpose of computing book profit u/s 115JB - Notice issued u/s 148 quashed.....