New User / Regiser
Jayesh Raichand Shah Versus Assistant Commissioner of Income-tax - 2013 (1) TMI 598 - GUJARAT HIGH COURT
Validity of notice u/s 148 Reopening of assessment - Escaped assessment Speculation loss - Assessee had claimed loss from speculative transaction - Transactions for trading in gold and silver futures on commodities exchange MCX Held that - It is trite law that the notice for reopening must stand or fail on the basis of reasons recorded by the A.O. for issuing such a notice. The case of the assesse ....... - .......