https://www.taxtmi.com/caselaws?id=376306 The Tribunal upheld the validity of the re-assessment under Section 147 and the notice under Section 148, allowing the Revenue's appeal. It directed a denovo adjudication on the merits of the case, emphasizing the need for a detailed examination of the share premium and share capital transactions under Section 68. The Tribunal instructed the CIT(A) to provide the assessee with an opportunity to present necessary evidence and explanations for further assessment. en-us Wed, 27 Feb 2019 00:00:00 +0530 Wed, 06 Mar 2019 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376306 The Tribunal upheld the validity of the re-assessment under Section 147 and the notice under Section 148, allowing the Revenue's appeal. It directed a denovo adjudication on the merits of the case, emphasizing the need for a detailed examination of the share premium and share capital transactions under Section 68. The Tribunal instructed the CIT(A) to provide the assessee with an opportunity to present necessary evidence and explanations for further assessment. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376306