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AO couldn't reopen case on basis of conclusion drawn by another AO

February 5, 2019[2019] 102 69 (Bombay)

IT : Where assessee had received a certain sum from a company for transfer of leasehold rights in land and it had made such disclosures in its return, but Assessing Officer initiated reassessment under section 68 to tax same, since sum was received by assessee through banking channel and creditworthiness of company paying amount was not in doubt, section 68 could not be invoked

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