ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147:
ITAT quashes Section 147 reassessment for A.Y. 2015-16, holding the April 2021 reopening notice legally unsustainable under the Supreme Court’s earlier ruling.
ITAT Quashes Reassessment for A.Y. 2015-16
Vanshika verma
Aug 14, 2026
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ITAT Grants Major Relief In Penny-Stock Case, Quashes Reassessment Under Section 147
ITAT quashes Section 147 reassessment for A.Y. 2015-16, holding the April 2021 reopening notice legally unsustainable under the Supreme Court’s earlier ruling.
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Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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