https://www.taxtmi.com/caselaws?id=283798 The Appellate Tribunal found the reassessment proceedings invalid as there was no failure on the part of the assessee to disclose material facts and non-compliance with the notice requirements under section 143(2) of the Income Tax Act. The reassessment based on the recomputation of capital gains was deemed unjustified, lacking fresh material for reopening. The Tribunal upheld the First Appellate Authority's decision, dismissing the appeal filed by the Assessing Officer. en-us Thu, 21 Jul 2016 00:00:00 +0530 Mon, 14 Oct 2019 09:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283798 The Appellate Tribunal found the reassessment proceedings invalid as there was no failure on the part of the assessee to disclose material facts and non-compliance with the notice requirements under section 143(2) of the Income Tax Act. The reassessment based on the recomputation of capital gains was deemed unjustified, lacking fresh material for reopening. The Tribunal upheld the First Appellate Authority's decision, dismissing the appeal filed by the Assessing Officer. Case-Laws Income Tax Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283798