https://www.taxtmi.com/caselaws?id=251546 The Court upheld the order confirming the appellant's liability to pay capital gain tax, rejecting arguments against reopening the assessment under Section 148 of the Income Tax Act. The Court clarified that the Double Taxation Avoidance Agreement (DTA) and domestic law required the appellant, an Indian resident, to pay tax on capital gains arising in the UK. The Tribunal's decision was affirmed, ruling in favor of the Revenue and dismissing the appeal, establishing the appellant's obligation to pay capital gains tax in India according to domestic law and the DTA. en-us Tue, 22 Jul 2014 00:00:00 +0530 Tue, 12 May 2015 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251546 The Court upheld the order confirming the appellant's liability to pay capital gain tax, rejecting arguments against reopening the assessment under Section 148 of the Income Tax Act. The Court clarified that the Double Taxation Avoidance Agreement (DTA) and domestic law required the appellant, an Indian resident, to pay tax on capital gains arising in the UK. The Tribunal's decision was affirmed, ruling in favor of the Revenue and dismissing the appeal, establishing the appellant's obligation to pay capital gains tax in India according to domestic law and the DTA. Case-Laws Income Tax Tue, 22 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251546