https://www.taxtmi.com/caselaws?id=64641 The court affirmed the Commissioner (Appeals) findings that the reopening of original assessments under s. 147(a) of the IT Act was invalid as there was no escapement of taxable income. The additions made during reassessments under the head "Capital Gains" were deemed unsustainable due to the initial invalidity of the reopening. The court dismissed the appeals, upholding the decision that the reassessment additions could not be sustained in law. en-us Tue, 29 Apr 1980 00:00:00 +0530 Wed, 09 Feb 2011 11:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64641 The court affirmed the Commissioner (Appeals) findings that the reopening of original assessments under s. 147(a) of the IT Act was invalid as there was no escapement of taxable income. The additions made during reassessments under the head "Capital Gains" were deemed unsustainable due to the initial invalidity of the reopening. The court dismissed the appeals, upholding the decision that the reassessment additions could not be sustained in law. Case-Laws Income Tax Tue, 29 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64641