Case Law Details
Case Name : Rikin Industries Vs ITO (Gujarat High Court)
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Rikin Industries Vs ITO (Gujarat High Court)
Gujarat High Court held that reopening of assessment is based on change of opinion since exact entry which was already scrutinised and accepted by department during scrutiny assessment. Accordingly, re-opening u/s. 148 is liable to be quashed.
Facts- The Petitioner entered into certain transactions in Futures & Options which resulted into loss of Rs.67,72,832/- and such loss is duly reflected in the Profit & Loss account. The case of the Petitioner was selected for scrutiny assessment. AO, while framing th
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.