https://www.taxtmi.com/caselaws?id=418023 The Tribunal dismissed the Revenue's appeals for the assessment years 1998-99 to 2004-05, ruling that notices issued under Section 148 were time-barred and invalid. It held that interest income from undisclosed foreign accounts should be taxed in the hands of the actual owners who declared the income. The Tribunal also invalidated the reopening of assessments beyond the limitation period and prevented double taxation of the same income. en-us Mon, 27 Dec 2021 00:00:00 +0530 Mon, 07 Feb 2022 08:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418023 The Tribunal dismissed the Revenue's appeals for the assessment years 1998-99 to 2004-05, ruling that notices issued under Section 148 were time-barred and invalid. It held that interest income from undisclosed foreign accounts should be taxed in the hands of the actual owners who declared the income. The Tribunal also invalidated the reopening of assessments beyond the limitation period and prevented double taxation of the same income. Case-Laws Income Tax Mon, 27 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418023