https://www.taxtmi.com/caselaws?id=68154 The tribunal upheld the validity of reassessment proceedings under section 148 of the IT Act. However, it ruled in favor of the appellant regarding the taxability of the amount received, emphasizing the absence of capital gains due to the lack of cost of acquisition for the leasehold rights surrendered. en-us Fri, 05 May 1995 00:00:00 +0530 Thu, 17 Mar 2011 13:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68154 The tribunal upheld the validity of reassessment proceedings under section 148 of the IT Act. However, it ruled in favor of the appellant regarding the taxability of the amount received, emphasizing the absence of capital gains due to the lack of cost of acquisition for the leasehold rights surrendered. Case-Laws Income Tax Fri, 05 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68154