TMI Blog2011 (9) TMI 1014X X X X Extracts X X X X X X X X Extracts X X X X ..... ee had also shown that he had purchased shares in a Company called M/s Trozen Developers Pvt. Ltd. The return filed was accepted. However, thereafter assessment was reopened by issuing notice under Section 148 of the Income Tax Act on the ground that the said Company was holding one property and the value of the said property which came to be acquired by the Assessee and his wife Ms. Shagun Kha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for purchase of shares in question. In the absence of any such material, no additions could be made. For arriving at this conclusion the Tribunal has relied upon two Judgemnets of this court rendered in the case of CIT vs. Shankuntala Devi, 316 ITR 46 and CIT vs. Suraj Devi, 328 ITR 604. Having regard to the above we are of the opinion that no question of law arises. Dismissed. - - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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