https://www.taxtmi.com/caselaws?id=261613 The High Court allowed the appeal, setting aside the Tribunal's order. It held that the assessing officer was not justified in adding the long-term capital gains as income from other sources during reassessment, as this issue was already known and discussed prior to the reassessment proceedings. The court emphasized that reassessment under Section 147 requires new issues to come to notice during the proceedings, which was not the case here. The question of law was answered in favor of the assessee. en-us Thu, 09 Jul 2015 00:00:00 +0530 Tue, 03 May 2016 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261613 The High Court allowed the appeal, setting aside the Tribunal's order. It held that the assessing officer was not justified in adding the long-term capital gains as income from other sources during reassessment, as this issue was already known and discussed prior to the reassessment proceedings. The court emphasized that reassessment under Section 147 requires new issues to come to notice during the proceedings, which was not the case here. The question of law was answered in favor of the assessee. Case-Laws Income Tax Thu, 09 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261613