TaxTMI 
TaxTMI 
2019 (11) TMI 918
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....itha, JCIT ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: This appeal of the assessee is directed against the order of the Commissioner of Income Tax (Appeals) -12, Chennai, dated 26.04.2019 and pertains to assessment year 2010-11. 2. There was a delay of 28 days in filing this appeal by the assessee. The assessee has filed a petition for condonation of delay. We have heard the Ld. counsel for....
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.... On the basis of communication said to be received from ITO, Non Corporate Ward 7(2), the Assessing Officer reopened the assessment by issuing notice under Section 148 of the Act. According to the Ld. counsel, reopening of assessment is not justified. Referring to the second ground of appeal, the Ld.counsel submitted that some of the brokers appear to be misusing the Client Code modification facil....
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....ties Ltd., the issue was remitted back to the file of the Assessing Officer for reconsideration. In this case also, according to the Ld. counsel, the transaction was made through the stock broker M/s Inventure Growth & Securities Ltd. Therefore, the Ld. counsel submitted that the matter may be remitted back to the file of the Assessing Officer for reconsideration on merit. 5. We heard Ms. R. Ani....
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....e Growth & Securities Ltd. by the assessee. In the list received by the Assessing Officer, the assessee's name is also found to be one of the beneficiaries who claimed bogus fictitious loss due to Client Code modification. Therefore, this Tribunal is of the considered opinion that the matter needs to be re-examined by the Assessing Officer as decided by this Tribunal in the case of Late Ugama Kava....