Tribunal held that in the order of assessment, issue of allowability of depreciation was not considered , hence reassessment was held to be valid. As regard the allowability of depreciation on stock exchange membership the matter was remanded . ( AY. 2006-07 ,2007- 08)
Way 2 Wealth Brokers P. Ltd. v. (2018)61 ITR 259 (Bang) (Trib)
S.147: Reassessment — Issue was not considered in the original assessment proceedings hence reassessment was held to be valid. As regard the allowability of depreciation on stock exchange membership the matter was remanded .[ S. 32, 148 ]