https://www.taxtmi.com/caselaws?id=325492 The Tribunal upheld the legality of reopening the assessment under Section 147 of the Income-tax Act, 1961. However, it remitted the issues of unexplained income from fictitious transactions and denial of exemption for Long Term Capital Gains (LTCG) on the sale of Sardar Sarovar Bonds back to the Assessing Officer for re-examination and verification. The appeal was partly allowed for statistical purposes. en-us Fri, 05 Feb 2016 00:00:00 +0530 Mon, 21 Mar 2016 01:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325492 The Tribunal upheld the legality of reopening the assessment under Section 147 of the Income-tax Act, 1961. However, it remitted the issues of unexplained income from fictitious transactions and denial of exemption for Long Term Capital Gains (LTCG) on the sale of Sardar Sarovar Bonds back to the Assessing Officer for re-examination and verification. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325492