IT : Assessee having disclosed fact of cancellation of its banking licence in its return, Assessing Officer on basis of this fact could not reopen assessment to assess loss incurred by assessee under head 'Income from other sources instead of business loss

IT : Assessee having disclosed fact of cancellation of its banking licence in its return, Assessing Officer on basis of this fact could not reopen assessment to assess loss incurred by assessee under head 'Income from other sources instead of business loss


■■■

[2013] 36 taxmann.com 69 (Gujarat)

HIGH COURT OF GUJARAT

Charotar Nagrik Sahakari Bank Ltd. (In Liquidation)