https://www.taxtmi.com/caselaws?id=292779 The Tribunal allowed the appeal by quashing the reassessment proceedings initiated under Section 147/148 of the Income Tax Act due to lack of tangible material and improper formation of belief by the Assessing Officer. Consequently, issues related to the addition of Short Term Capital Gains and charging of interest under Sections 234A, 234B, and 234C were dismissed as infructuous. en-us Sun, 05 Jan 2020 00:00:00 +0530 Fri, 08 Jan 2021 01:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292779 The Tribunal allowed the appeal by quashing the reassessment proceedings initiated under Section 147/148 of the Income Tax Act due to lack of tangible material and improper formation of belief by the Assessing Officer. Consequently, issues related to the addition of Short Term Capital Gains and charging of interest under Sections 234A, 234B, and 234C were dismissed as infructuous. Case-Laws Income Tax Sun, 05 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292779