https://www.taxtmi.com/caselaws?id=251260 The court upheld the reopening of assessment for the year 2003-2004, finding it justified under Section 150(1) as a consequence of a Tribunal finding. The decision to spread the unexplained investment over two years was affirmed, directing the Assessing Officers to determine the accurate cost of construction. The writ petitions contesting the reopening were dismissed. en-us Tue, 02 Sep 2014 00:00:00 +0530 Tue, 09 Sep 2014 10:58:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251260 The court upheld the reopening of assessment for the year 2003-2004, finding it justified under Section 150(1) as a consequence of a Tribunal finding. The decision to spread the unexplained investment over two years was affirmed, directing the Assessing Officers to determine the accurate cost of construction. The writ petitions contesting the reopening were dismissed. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251260