https://www.taxtmi.com/caselaws?id=282337 An undefined expression such as "substantially financed" may be construed by reference to later legislative clarification, but its meaning cannot be borrowed from another statute unless the enactments are in pari materia. Applying that approach, the text states that the assessee was treated as substantially financed by the Government and the exemption under section 10(23C)(iiiab) was allowed. On reopening, where the earlier assessment had been completed only under section 143(1), the reassessment under section 147 was held valid on the facts noted, with the connected appeals being partly allowed. en-us Tue, 26 Mar 2019 00:00:00 +0530 Sat, 03 Aug 2019 06:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282337 An undefined expression such as "substantially financed" may be construed by reference to later legislative clarification, but its meaning cannot be borrowed from another statute unless the enactments are in pari materia. Applying that approach, the text states that the assessee was treated as substantially financed by the Government and the exemption under section 10(23C)(iiiab) was allowed. On reopening, where the earlier assessment had been completed only under section 143(1), the reassessment under section 147 was held valid on the facts noted, with the connected appeals being partly allowed. Case-Laws Income Tax Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282337