https://www.taxtmi.com/caselaws?id=10010 The court upheld the validity of reopening the assessment for the year 1992-93 under section 148 of the Income-tax Act, 1961, based on information from the assessment year 1993-94. The Assessing Officer's determination that the capital gains were taxable in 1992-93, as per the 1993-94 order, supported the reopening. The petitioner was given the opportunity to provide evidence to contest the capital gains tax liability year. The court dismissed the petition, allowing the Assessing Officer to proceed with the assessment after hearing the petitioner, with all contentions left open. en-us Tue, 22 Aug 2006 00:00:00 +0530 Sun, 05 Jul 2009 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10010 The court upheld the validity of reopening the assessment for the year 1992-93 under section 148 of the Income-tax Act, 1961, based on information from the assessment year 1993-94. The Assessing Officer's determination that the capital gains were taxable in 1992-93, as per the 1993-94 order, supported the reopening. The petitioner was given the opportunity to provide evidence to contest the capital gains tax liability year. The court dismissed the petition, allowing the Assessing Officer to proceed with the assessment after hearing the petitioner, with all contentions left open. Case-Laws Income Tax Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10010