https://www.taxtmi.com/caselaws?id=387432 The reassessment proceedings under Section 147 were deemed valid by the Tribunal, as fresh tangible material justified the reassessment. However, the donation made by M/s. Ranstand Holdings, NV, Netherlands to Sornammal Educational Trust was not taxable in the hands of the appellant and his wife. The appeals were partly allowed, with the order pronounced on 17th October 2019 in Chennai. en-us Thu, 17 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 14:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387432 The reassessment proceedings under Section 147 were deemed valid by the Tribunal, as fresh tangible material justified the reassessment. However, the donation made by M/s. Ranstand Holdings, NV, Netherlands to Sornammal Educational Trust was not taxable in the hands of the appellant and his wife. The appeals were partly allowed, with the order pronounced on 17th October 2019 in Chennai. Case-Laws Income Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387432