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Share Gain Addition Struck Down Because It Was Outside Reopening Scope

Case Law Details

Case Name
Harshit Indravadan Talati Vs ACIT (ITAT Ahmedabad)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2011-12
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Harshit Indravadan Talati Vs ACIT (ITAT Ahmedabad) No Addition on Reopening Grounds? AO Can’t Travel Beyond Reasons: ITAT Quashes s.147 Order; Wrong Foundation, Wrong Jurisdiction: Fishing Reopening Backfires: ITAT Ahmedabad Strikes Down Reassessment & s.68 LTCG The Ahmedabad Bench of the ITAT, vide order dated 01.01.2026 in Harshit Indravadanbhai Talati v. ACIT (ITA No. 1301/Ahd/2024, AY 2011-12), allowed the assessee’s appeal and quashed the entire reassessment framed u/s 143(3) r.w.s. 147, holding the reopening itself to be bad in law. The case was reopened based on recorded reason...
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