https://www.taxtmi.com/caselaws?id=18974 The court directed the Tribunal to rehear the matter regarding the validity of reopening the assessment under Section 147(b) and to decide afresh on the issue of substituting the fair market value as of January 1, 1954, for depreciable assets in computing capital gains. The case was remitted for a fresh hearing and disposal in accordance with the law, with no costs awarded. en-us Tue, 14 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18974 The court directed the Tribunal to rehear the matter regarding the validity of reopening the assessment under Section 147(b) and to decide afresh on the issue of substituting the fair market value as of January 1, 1954, for depreciable assets in computing capital gains. The case was remitted for a fresh hearing and disposal in accordance with the law, with no costs awarded. Case-Laws Income Tax Tue, 14 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18974