https://www.taxtmi.com/caselaws?id=236606 The Tribunal upheld the reopening of the assessment based on the possession of assets by the assessee. It directed the Assessing Officer to compute long-term capital gains using the date of acquisition from contract notes. The Tribunal allowed the interest expenditure claim for proper assessment by the Assessing Officer. It deleted the addition under section 68, accepting the amount as dividend income. The Tribunal ruled against levying interest under sections 234A, 234B, and 234C, providing relief on various grounds in the appeal. en-us Fri, 29 Jul 2011 00:00:00 +0530 Tue, 03 Sep 2013 08:18:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236606 The Tribunal upheld the reopening of the assessment based on the possession of assets by the assessee. It directed the Assessing Officer to compute long-term capital gains using the date of acquisition from contract notes. The Tribunal allowed the interest expenditure claim for proper assessment by the Assessing Officer. It deleted the addition under section 68, accepting the amount as dividend income. The Tribunal ruled against levying interest under sections 234A, 234B, and 234C, providing relief on various grounds in the appeal. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236606