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Case Law Details

Case Name : S K Hisaria HUF Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2017-18
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S K Hisaria HUF Vs ITO (ITAT Ahmedabad)

Reopening Quashed for Borrowed Satisfaction – LTCG on Shares Cannot Be Taxed u/s 68

The Ahmedabad Bench of the Income Tax Appellate Tribunal allowed the assessee-HUF’s appeals for AYs 2017-18 and 2018-19, holding that the reassessment proceedings initiated under secti

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