https://www.taxtmi.com/caselaws?id=62395 The Tribunal invalidated the reopening proceedings and reassessment orders under section 147 for assessment years 1996-97 to 1999-2000, deeming them illegal. The assessee was granted exemption under section 11 for all years under appeal. Additionally, entrance fees from 1996-97 were classified as capital receipts, not revenue income. en-us Wed, 16 Mar 2005 00:00:00 +0530 Fri, 24 May 2024 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62395 The Tribunal invalidated the reopening proceedings and reassessment orders under section 147 for assessment years 1996-97 to 1999-2000, deeming them illegal. The assessee was granted exemption under section 11 for all years under appeal. Additionally, entrance fees from 1996-97 were classified as capital receipts, not revenue income. Case-Laws Income Tax Wed, 16 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62395