https://www.taxtmi.com/caselaws?id=363058 The Tribunal dismissed the appeal, upholding the Commissioner's order under section 263 of the Income Tax Act, 1961. The decision was based on thorough examinations of share capital, directorship changes, and asset liquidation sources. The Tribunal found no violation of natural justice principles and clarified the prospective application of the amendment to Section 68, directing compliance with the law for assessment years before 2013-14. en-us Wed, 04 Jul 2018 00:00:00 +0530 Fri, 06 Jul 2018 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363058 The Tribunal dismissed the appeal, upholding the Commissioner's order under section 263 of the Income Tax Act, 1961. The decision was based on thorough examinations of share capital, directorship changes, and asset liquidation sources. The Tribunal found no violation of natural justice principles and clarified the prospective application of the amendment to Section 68, directing compliance with the law for assessment years before 2013-14. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363058