2018 (11) TMI 1837

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.... Honourable Dr. Justice A.P. Thaker Darshan R Patel (8486) for the Petitioner(s) No. 1 for the Respondent(s) No. 1 ORAL ORDER (Per : Honourable Ms. Justice Harsha Devani) 1. Mr. Darshan Patel, learned advocate for the petitioner invited attention to the reasons recorded for reopening the assessment to submit that the assessment for the year 2011- 12 is sought to be reopened on the g....

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....e Income Tax Act, 1961 and the share application money received from the said companies has been accepted as genuine after due verification in scrutiny assessment of the year in which these amounts were received. It was submitted that therefore the assessing officer has proceeded on a factually incorrect premise and that on the basis of the reasons recorded, the assessing officer could not have fo....