https://www.taxtmi.com/caselaws?id=155700 The Court dismissed the writ petitions filed by the assessees challenging the finalization of assessment for the assessment year 2005-2006. The Court held that any relief granted in favor of the transferees in the purchasers' writ petitions would automatically apply to the assessees, enabling adjustment of capital gains tax. Therefore, keeping the assessment pending until the resolution of the purchasers' writ petitions was deemed unnecessary, leading to the dismissal of the assessees' writ petitions. en-us Wed, 13 Aug 2008 00:00:00 +0530 Fri, 06 Sep 2013 16:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155700 The Court dismissed the writ petitions filed by the assessees challenging the finalization of assessment for the assessment year 2005-2006. The Court held that any relief granted in favor of the transferees in the purchasers' writ petitions would automatically apply to the assessees, enabling adjustment of capital gains tax. Therefore, keeping the assessment pending until the resolution of the purchasers' writ petitions was deemed unnecessary, leading to the dismissal of the assessees' writ petitions. Case-Laws Income Tax Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155700