https://www.taxtmi.com/caselaws?id=365185 The Tribunal ruled in favor of the appellant, allowing the appeal due to the lack of valid reasons for reopening the assessment under section 147 of the Income Tax Act. The addition of short term capital gain on the sale of agricultural land was considered irrelevant as the Tribunal had already quashed the reopening of assessment. en-us Thu, 09 Aug 2018 00:00:00 +0530 Sat, 11 Aug 2018 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365185 The Tribunal ruled in favor of the appellant, allowing the appeal due to the lack of valid reasons for reopening the assessment under section 147 of the Income Tax Act. The addition of short term capital gain on the sale of agricultural land was considered irrelevant as the Tribunal had already quashed the reopening of assessment. Case-Laws Income Tax Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365185