https://www.taxtmi.com/caselaws?id=248501 The Tribunal ruled in favor of the assessee, finding the reassessment invalid due to lack of new tangible material justifying the reassessment under section 147. The reassessment on other grounds related to the chargeability of gains and the nature of certain expenses was also dismissed as these issues had been adequately addressed during the regular assessment proceedings. The appeal was partly allowed. en-us Mon, 02 Jun 2014 00:00:00 +0530 Sat, 14 Jun 2014 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248501 The Tribunal ruled in favor of the assessee, finding the reassessment invalid due to lack of new tangible material justifying the reassessment under section 147. The reassessment on other grounds related to the chargeability of gains and the nature of certain expenses was also dismissed as these issues had been adequately addressed during the regular assessment proceedings. The appeal was partly allowed. Case-Laws Income Tax Mon, 02 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248501