https://www.taxtmi.com/caselaws?id=379699 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that the lands were not capital assets and no asset transfer had taken place under the development agreement. The reopening of assessment under Section 147 was deemed valid, and the decision in the case of M/s. Kohinoor Hatcheries Pvt. Ltd. was found applicable. The assessee's cross-objection was also dismissed as it supported the CIT(A)'s order. en-us Fri, 03 May 2019 00:00:00 +0530 Mon, 06 May 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379699 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision that the lands were not capital assets and no asset transfer had taken place under the development agreement. The reopening of assessment under Section 147 was deemed valid, and the decision in the case of M/s. Kohinoor Hatcheries Pvt. Ltd. was found applicable. The assessee's cross-objection was also dismissed as it supported the CIT(A)'s order. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379699