https://www.taxtmi.com/caselaws?id=61097 The ITAT Chandigarh allowed the appeal, quashing the reassessment under section 147(a) due to insufficient reasons for reopening the assessment and the absence of evidence proving ownership of the investment belonging to the HUF. The burden of proof was on the department to establish ownership, but the lack of material on record led to the reassessment being deemed invalid. en-us Tue, 25 Apr 1978 00:00:00 +0530 Mon, 10 Jan 2011 18:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61097 The ITAT Chandigarh allowed the appeal, quashing the reassessment under section 147(a) due to insufficient reasons for reopening the assessment and the absence of evidence proving ownership of the investment belonging to the HUF. The burden of proof was on the department to establish ownership, but the lack of material on record led to the reassessment being deemed invalid. Case-Laws Income Tax Tue, 25 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61097