https://www.taxtmi.com/caselaws?id=178490 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 147/148 of the Income-tax Act, 1961, as the reopening lacked new tangible material justifying it. The issue of classifying income from share sales was not addressed due to the primary decision on the reopening's validity. The appeal was allowed, and other grounds were dismissed as infructuous. en-us Tue, 26 Aug 2014 00:00:00 +0530 Sat, 06 Feb 2016 15:25:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178490 The Tribunal allowed the appeal, quashing the reassessment proceedings initiated under Section 147/148 of the Income-tax Act, 1961, as the reopening lacked new tangible material justifying it. The issue of classifying income from share sales was not addressed due to the primary decision on the reopening's validity. The appeal was allowed, and other grounds were dismissed as infructuous. Case-Laws Income Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178490