AMIT KUMAR,DELHI vs. INCOME TAX OFFICER, WARD 1(1), GUWAHATI, INCOME TAX OFFICER

Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)

reassessment proceedings was to be upheld - Held, yes [Para 10] [In favour of revenue]” In the case of Reena Jain reported in 174 taxmann.com 849 (Calcutta). The head notes read as under: “Where Assessing Officer reopened assessment on ground that assessee had received accommodation entry of bogus LTCG from penny stock, since Assessing Officer had taken note of ITBA data

AMIT KUMAR,DELHI vs. INCOME TAX OFFICER, WARD 1(1), GUWAHATI, INCOME TAS OFFICER