https://www.taxtmi.com/caselaws?id=269715 The Revenue's appeals for assessment years 2002-03 and 2009-10 were dismissed by the CIT(A) due to the assessing officer's unjustified reopening of the assessment for 2002-03 without new material, following legal precedents like Kelvinator of India Ltd. and ACTI & Others vs. ICICI Securities Primary Dealership Ltd. The CIT(A) emphasized the importance of factual evidence and legal principles in determining capital gains related to finance charges, interest disallowance, and sale of shares and debentures, ultimately annulling the assessment for 2002-03 and accepting the sale price of shares at face value for 2009-10. en-us Fri, 30 Oct 2015 00:00:00 +0530 Fri, 18 Dec 2015 20:06:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269715 The Revenue's appeals for assessment years 2002-03 and 2009-10 were dismissed by the CIT(A) due to the assessing officer's unjustified reopening of the assessment for 2002-03 without new material, following legal precedents like Kelvinator of India Ltd. and ACTI & Others vs. ICICI Securities Primary Dealership Ltd. The CIT(A) emphasized the importance of factual evidence and legal principles in determining capital gains related to finance charges, interest disallowance, and sale of shares and debentures, ultimately annulling the assessment for 2002-03 and accepting the sale price of shares at face value for 2009-10. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269715