https://www.taxtmi.com/caselaws?id=64985 The Tribunal dismissed the revenue's appeals for the assessment years 1969-70 to 1976-77, upholding the CIT (Appeals)'s decision that the reassessment orders were invalid due to non-compliance with Section 149(1)(a)(ii). For the assessment years 1977-78 to 1981-82, the Tribunal allowed the appeals for statistical purposes, remanding the matter to the Assessing Officer to reassess the company's status as closely-held or widely-held based on new evidence. en-us Mon, 29 May 1995 00:00:00 +0530 Fri, 11 Feb 2011 15:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64985 The Tribunal dismissed the revenue's appeals for the assessment years 1969-70 to 1976-77, upholding the CIT (Appeals)'s decision that the reassessment orders were invalid due to non-compliance with Section 149(1)(a)(ii). For the assessment years 1977-78 to 1981-82, the Tribunal allowed the appeals for statistical purposes, remanding the matter to the Assessing Officer to reassess the company's status as closely-held or widely-held based on new evidence. Case-Laws Income Tax Mon, 29 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64985