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…

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
Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)

₹1199 + GST for 1 year

Subscribe Now

Topics