Reopening under Sections 147/148 invalid where no escapement; subsequent JDA triggers only recomputation under Section 155(7B)

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....HC quashed the impugned reopening and notices under Secs. 147/148, holding that no escapement of income occurred in the return for AY 2014-15 and that subsequent events (JDA) could only trigger recomputation/amendment under Sec. 155(7B) and withdrawal of exemption under Sec. 47A - not assessment reopening. The court found the transferee consistently treated and paid tax on the asset as a capital asset; Revenue cannot adopt a contrary stance in respect of the transferor to classify the same transaction as stock-in-trade. Rectification under Sec. 154 differs from recomputation under Sec. 155(7B). Proceedings under Sec. 155(7B) were time-barred; relief granted to the transferor.....