https://www.taxtmi.com/caselaws?id=178226 The Tribunal deemed the reopening of the assessment under section 147 as invalid and allowed the Assessee's appeal. The Tribunal held that the reasons for reopening lacked a legal basis and that using equity shares for payment was permissible under section 43B. Consequently, other issues raised by the Assessee were not addressed as they became moot due to the primary issue's resolution. en-us Wed, 12 Nov 2014 00:00:00 +0530 Sat, 30 Jan 2016 15:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178226 The Tribunal deemed the reopening of the assessment under section 147 as invalid and allowed the Assessee's appeal. The Tribunal held that the reasons for reopening lacked a legal basis and that using equity shares for payment was permissible under section 43B. Consequently, other issues raised by the Assessee were not addressed as they became moot due to the primary issue's resolution. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178226