https://www.taxtmi.com/caselaws?id=277804 The Tribunal upheld the validity of the reassessment order under Section 143(2) of the Income Tax Act, dismissing the revenue's appeal. The additions related to transfer of profits and losses through Client Code Modification were deleted, with the Tribunal ruling in favor of the assessee. Additionally, the Tribunal quashed the reopening of assessment after four years based on borrowed satisfaction, deeming it invalid. The assessee's cross-objections were partially allowed in the case. en-us Tue, 23 Oct 2018 00:00:00 +0530 Wed, 15 Apr 2026 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277804 The Tribunal upheld the validity of the reassessment order under Section 143(2) of the Income Tax Act, dismissing the revenue's appeal. The additions related to transfer of profits and losses through Client Code Modification were deleted, with the Tribunal ruling in favor of the assessee. Additionally, the Tribunal quashed the reopening of assessment after four years based on borrowed satisfaction, deeming it invalid. The assessee's cross-objections were partially allowed in the case. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277804