ITAT Mumbai Restores Reassessment in Bogus Share Gain Case

Pooja Oberoi Vs DCIT (ITAT Mumbai)

Justice over technicalities – ITAT Mumbai sends back bogus share gain case for fresh hearing- Reasons for reopening must be furnished – Assessee gets another chance- Reassessment in alleged bogus share transactions restored : Non-Supply of Reasons & Pandemic delay entitle assessee to fresh opportunity; Penalty u/s 271AAC Quashed

In a recent ruling, the Mumbai ITAT delivered significant relief to assessee in respect of reassessment proceedings initiated on alleged bogus share transactions. Assessee

Please become a Premium member. If you are already a Premium member, login here to access the full content.