Sarika Kansal v. ACIT (2025) 303 Taxman 636 (Delhi)(HC)

S. 148A : Reassessment-Unexplained investments-Issue examined in the assessment-Notice quashed [S. 69B, 148, 148A(b), 148A(d), Art. 226]

The AO issued second reopening notice on undervaluation of shares, alleging TREPL owned entire property, ignoring that in earlier reassessment the extent of ownership (two floors) was examined and accepted. Court held this was the same issue revisited without new material; reopening was invalid. (AY 2017-18)

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