https://www.taxtmi.com/caselaws?id=260924 The Tribunal ruled that the reopening of the assessment was invalid as all material facts were disclosed during the original assessment. The amount received on the transfer of rights should be taxed as Long Term Capital Gain after allowing the indexed cost of acquisition and deduction under Section 54EC. The Tribunal also quashed the directions issued by the CIT(A) under Section 150(1). en-us Thu, 27 Mar 2014 00:00:00 +0530 Sat, 27 Jun 2015 05:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260924 The Tribunal ruled that the reopening of the assessment was invalid as all material facts were disclosed during the original assessment. The amount received on the transfer of rights should be taxed as Long Term Capital Gain after allowing the indexed cost of acquisition and deduction under Section 54EC. The Tribunal also quashed the directions issued by the CIT(A) under Section 150(1). Case-Laws Income Tax Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260924