Fresh Information on Shell Companies Justifies Scrutiny Despite Prior Assessment

Aradhna Estate Pvt. Ltd Vs DCIT (Gujarat High Court) Gujarat High Court Upholds Tax Reopening on Suspected Bogus Share Capital;  Fresh Information on Shell Companies Justifies Scrutiny Despite Prior Assessment; Reopening Based on Investigation Report Validated The Gujarat High Court has validated the reopening of income tax assessment for Aradhna Estate Pvt. Ltd., dismissing the company’s challenge against the notice issued by the Deputy Commissioner of Income Tax. The case centered on the tax department’s belief that the company had received significant amounts disguised as share...