ITAT quashes Reassessment Order passed u/s 148 of  Income Tax Act based on vague reasons related to Transactions carried on platform of NSE [Read Order]

By Aparna. M - On September 8, 2023 10:00 am - 2 mins read
ITAT quashes Reassessment Order passed - Income Tax Act - ITAT - Reassessment Order passed - Transactions carried on platform of NSE - Reassessment - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi bench quashes Reassessment order passed under Section 148 of the Income Tax Act, 1961 based on vague reasons related to transactions carried on platform of National Stock Exchange (NSE) Assessee ,Captive Commerce Pvt. Ltd. assessment was completed under Section 143(3) of the Income Tax Act.Thereafter the AO reopened…

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