https://www.taxtmi.com/caselaws?id=272088 The Tribunal upheld the validity of re-assessment proceedings under section 147, finding justification for the initiation based on new information post an appellate order. The appellant's challenge regarding the taxability of a sum as deemed dividend was dismissed, as the Tribunal affirmed the earlier decision by the CIT(A) and found no evidence to support the appellant's claim that the transaction was not covered under section 2(22)(e) of the Act. Consequently, the appeal was dismissed, and the charging of interest under section 234B was upheld. en-us Tue, 19 Jan 2016 00:00:00 +0530 Fri, 26 Feb 2016 06:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272088 The Tribunal upheld the validity of re-assessment proceedings under section 147, finding justification for the initiation based on new information post an appellate order. The appellant's challenge regarding the taxability of a sum as deemed dividend was dismissed, as the Tribunal affirmed the earlier decision by the CIT(A) and found no evidence to support the appellant's claim that the transaction was not covered under section 2(22)(e) of the Act. Consequently, the appeal was dismissed, and the charging of interest under section 234B was upheld. Case-Laws Income Tax Tue, 19 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272088