https://www.taxtmi.com/caselaws?id=70487 The Tribunal allowed the assessee's appeal, quashing the reassessment order dated 05.03.1985 due to the invalid initiation of proceedings under section 147(b). The Revenue's appeal was dismissed. The Tribunal did not provide further opinions on the capital gains taxation or the correctness of the cost of acquisition date used for calculating capital gains. en-us Fri, 18 Sep 1987 00:00:00 +0530 Sat, 16 Apr 2011 14:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70487 The Tribunal allowed the assessee's appeal, quashing the reassessment order dated 05.03.1985 due to the invalid initiation of proceedings under section 147(b). The Revenue's appeal was dismissed. The Tribunal did not provide further opinions on the capital gains taxation or the correctness of the cost of acquisition date used for calculating capital gains. Case-Laws Income Tax Fri, 18 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70487