https://www.taxtmi.com/caselaws?id=366674 The Tribunal upheld the re-assessment proceedings under section 148 of the I.T. Act, emphasizing the credibility of information available to the Assessing Officer. The Tribunal noted the lack of cooperation from the assessee, leading to an ex-parte assessment order. Challenges against the reopening of assessment and calculation of capital gains were dismissed due to insufficient arguments. The appeal grounds related to interest charges were also rejected as the assessee did not contest them. Consequently, the Tribunal dismissed the appeal of the assessee. en-us Tue, 04 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366674 The Tribunal upheld the re-assessment proceedings under section 148 of the I.T. Act, emphasizing the credibility of information available to the Assessing Officer. The Tribunal noted the lack of cooperation from the assessee, leading to an ex-parte assessment order. Challenges against the reopening of assessment and calculation of capital gains were dismissed due to insufficient arguments. The appeal grounds related to interest charges were also rejected as the assessee did not contest them. Consequently, the Tribunal dismissed the appeal of the assessee. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366674