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Panaji ITAT Quashes Section 147 Reassessment When No Addition Made on Reopened Issue
The Panaji ITAT has quashed a Section 147 reassessment because tax officials failed to make additions on the specific issue that reopened the case.
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ITAT Panaji Quashes Penny-Stock Reassessment for Borrowed Satisfaction
The Income Tax Appellate Tribunal (ITAT) in Panaji recently delivered a significant ruling by setting aside a tax reassessment proceeding involving alleged penny-stock transactions. According to official reports, the tribunal…