https://www.taxtmi.com/caselaws?id=118406 The Tribunal held that the re-assessment was invalid as no addition was made on the issue for which it was re-opened, rendering the entire re-assessment proceedings invalid. Regarding the taxability of sale consideration from shops, the Tribunal ruled in favor of the assessee, stating that the sale consideration should reduce the Written Down Value of the block of assets, thereby exempting the assessee from capital gains tax. en-us Wed, 22 Mar 2006 00:00:00 +0530 Sat, 30 Jun 2012 14:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118406 The Tribunal held that the re-assessment was invalid as no addition was made on the issue for which it was re-opened, rendering the entire re-assessment proceedings invalid. Regarding the taxability of sale consideration from shops, the Tribunal ruled in favor of the assessee, stating that the sale consideration should reduce the Written Down Value of the block of assets, thereby exempting the assessee from capital gains tax. Case-Laws Income Tax Wed, 22 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118406