TMI BlogReopening of assessment u/s 147 - AO recorded his satisfaction about escapement of income for sale of...Reopening of assessment u/s 147 - AO recorded his satisfaction about escapement of income for sale of investments - no addition made on this issue - addition made for issued of share capital to twenty two share subscribing companies - not permissible Unless in the order u/s 147 the AO makes addition on the ‘foundational’ issue for which the reason was recorded ..... X X X X Extracts X X X X X X X X Extracts X X X X
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