https://www.taxtmi.com/caselaws?id=210880 The Tribunal upheld the reopening of the assessment under Section 147, finding that income had indeed escaped assessment. It was determined that the profit on the sale of investments should be included in the total income, as it was not attributable to the insurance business. Consequently, the issues regarding the withdrawal of interest under Section 244A and charging of interest under Sections 234B and 234D were also decided against the assessee. The appeal was dismissed entirely. en-us Fri, 22 Jul 2011 00:00:00 +0530 Fri, 24 Feb 2012 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210880 The Tribunal upheld the reopening of the assessment under Section 147, finding that income had indeed escaped assessment. It was determined that the profit on the sale of investments should be included in the total income, as it was not attributable to the insurance business. Consequently, the issues regarding the withdrawal of interest under Section 244A and charging of interest under Sections 234B and 234D were also decided against the assessee. The appeal was dismissed entirely. Case-Laws Income Tax Fri, 22 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210880