137 results for “reassessment u/s 147”+ Section 21(5)clear
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In the result the appeal of the assessee is allowed
Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal
reassessment' cannot he reduced beyond the income originally assessed.' 14.9 In the light of above decision and after analyzing all the facts as discussed above, we find that the assessee is entitled to claim the deduction of the expenditures in respect of which the escaped income has sought to be assessed. The loss from the share trading activity has direct