https://www.taxtmi.com/caselaws?id=208886 A remand limited to bifurcation and apportionment of an admitted composite sale price did not permit the Assessing Officer to reopen or enhance the total consideration already accepted under Chapter XXC of the Income-tax Act. The valuation exercise could be used only to split the disclosed sale price between land and the factory building, not to substitute a higher overall consideration. The Assessing Officer was therefore precluded from increasing the accepted sale consideration, and the assessee succeeded on that issue. en-us Thu, 19 Jan 2012 00:00:00 +0530 Mon, 05 Mar 2012 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208886 A remand limited to bifurcation and apportionment of an admitted composite sale price did not permit the Assessing Officer to reopen or enhance the total consideration already accepted under Chapter XXC of the Income-tax Act. The valuation exercise could be used only to split the disclosed sale price between land and the factory building, not to substitute a higher overall consideration. The Assessing Officer was therefore precluded from increasing the accepted sale consideration, and the assessee succeeded on that issue. Case-Laws Income Tax Thu, 19 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208886