Bombay HC quashes Reassessment Notice under Income Tax Act in Absence of Change in Opening and Closing Stock of NCD’s [Read Order]
It was found that the reopening of the assessment is merely based on a change of opinion of the AO from that held earlier during assessment proceedings
The Bombay High Court has quashed the reassessment notice issued under the Income Tax Act, 1961 as there was no change in the opening and closing stock of the non-convertible debts ( NCDs ). It was found that the reopening of the assessment is merely based on a change of opinion of the AO from…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
