https://www.taxtmi.com/caselaws?id=335048 The tribunal allowed the appeal, quashing the reassessment proceedings initiated under Sections 147/148 due to lack of new tangible material and jurisdiction. The tribunal did not address the merits of the exemption claim under Section 54F as the primary issue of reassessment validity was decided in favor of the assessee. en-us Wed, 19 Oct 2016 00:00:00 +0530 Fri, 25 Nov 2016 10:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335048 The tribunal allowed the appeal, quashing the reassessment proceedings initiated under Sections 147/148 due to lack of new tangible material and jurisdiction. The tribunal did not address the merits of the exemption claim under Section 54F as the primary issue of reassessment validity was decided in favor of the assessee. Case-Laws Income Tax Wed, 19 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335048