2017 (5) TMI 1782 - SCH - Income Tax

Reopening of assessment u/s 147 - claim of loss - as loss was suffered in sale and purchase of shares which had no connection with the business of the assessee as a share broker there is in fact tangible material to come to the conclusion that income escaped assessment which we have already discussed. There is thus no question of any change of opinion - HELD THAT - SLP dismissed. However the question of law is left open.