https://www.taxtmi.com/caselaws?id=180688 The Court upheld the validity of the reassessment proceedings under section 147, allowing the addition under section 2(22)(a) of the Act for deemed dividend. However, the Court found the reassessment order invalid due to failure to timely provide reasons for reopening, leading to the assessment being set aside in favor of the appellant. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 31 Mar 2016 14:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180688 The Court upheld the validity of the reassessment proceedings under section 147, allowing the addition under section 2(22)(a) of the Act for deemed dividend. However, the Court found the reassessment order invalid due to failure to timely provide reasons for reopening, leading to the assessment being set aside in favor of the appellant. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180688