https://www.taxtmi.com/caselaws?id=273186 The Tribunal upheld the Assessing Officer's valuation of shares over the assessee's valuation, confirming capital gain tax liability. It deemed the reopening of assessment valid even in the absence of an original assessment. The Tribunal remitted the issue of interest levy back to the Assessing Officer for reevaluation based on the correct filing date of the income tax return. The appeal was partly allowed for statistical purposes. en-us Wed, 24 Aug 2016 00:00:00 +0530 Sat, 09 Jun 2018 21:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273186 The Tribunal upheld the Assessing Officer's valuation of shares over the assessee's valuation, confirming capital gain tax liability. It deemed the reopening of assessment valid even in the absence of an original assessment. The Tribunal remitted the issue of interest levy back to the Assessing Officer for reevaluation based on the correct filing date of the income tax return. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273186