https://www.taxtmi.com/caselaws?id=385130 The Tribunal held that the re-assessment proceedings were invalid as the notice under Section 148 was issued beyond the statutory time limit. The bequest amount was not considered taxable income as the assessee did not have a clear legal title to the trust property. The Tribunal ruled in favor of the assessee, setting aside the re-assessment and the addition of the bequest amount to the taxable income. en-us Fri, 23 Aug 2019 00:00:00 +0530 Fri, 20 Sep 2019 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385130 The Tribunal held that the re-assessment proceedings were invalid as the notice under Section 148 was issued beyond the statutory time limit. The bequest amount was not considered taxable income as the assessee did not have a clear legal title to the trust property. The Tribunal ruled in favor of the assessee, setting aside the re-assessment and the addition of the bequest amount to the taxable income. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385130