https://www.taxtmi.com/caselaws?id=246773 The Tribunal held that the observation in a previous case did not constitute a 'finding or direction' for reopening the assessment beyond six years. Consequently, the reopening of assessment under section 148 was deemed invalid, leading to the quashing of the reassessment order. As a result, the issue of adopting the value of flats for calculating capital gains and levying interest under sections 234A, 234B, and 234C became moot. The appeal was allowed, and the order was pronounced on April 16, 2014. en-us Wed, 16 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 19:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246773 The Tribunal held that the observation in a previous case did not constitute a 'finding or direction' for reopening the assessment beyond six years. Consequently, the reopening of assessment under section 148 was deemed invalid, leading to the quashing of the reassessment order. As a result, the issue of adopting the value of flats for calculating capital gains and levying interest under sections 234A, 234B, and 234C became moot. The appeal was allowed, and the order was pronounced on April 16, 2014. Case-Laws Income Tax Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246773