https://www.taxtmi.com/caselaws?id=71557 The Tribunal determined that the transaction involved a transfer of shares, leading to short-term capital gains from the sale of bonus shares. It was found that the assessee did not fully disclose material facts, justifying reassessment under section 147(a). The majority decision upheld these findings, resulting in the dismissal of the appeals. en-us Thu, 01 Jul 1993 00:00:00 +0530 Mon, 25 Apr 2011 16:14:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71557 The Tribunal determined that the transaction involved a transfer of shares, leading to short-term capital gains from the sale of bonus shares. It was found that the assessee did not fully disclose material facts, justifying reassessment under section 147(a). The majority decision upheld these findings, resulting in the dismissal of the appeals. Case-Laws Income Tax Thu, 01 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71557