https://www.taxtmi.com/caselaws?id=359068 The Tribunal held that the reassessment proceedings under section 147 were invalid due to being based on a mere change of opinion, rendering the addition of Rs. 18,38,241/- on capital gains unsustainable. The exemption claimed under section 10(38) was upheld as valid. The Tribunal admitted and decided in favor of the assessee's additional grounds of appeal, citing NTPC vs. CIT. The decision was pronounced on 20/04/2018. en-us Fri, 20 Apr 2018 00:00:00 +0530 Sat, 21 Apr 2018 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359068 The Tribunal held that the reassessment proceedings under section 147 were invalid due to being based on a mere change of opinion, rendering the addition of Rs. 18,38,241/- on capital gains unsustainable. The exemption claimed under section 10(38) was upheld as valid. The Tribunal admitted and decided in favor of the assessee's additional grounds of appeal, citing NTPC vs. CIT. The decision was pronounced on 20/04/2018. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359068