https://www.taxtmi.com/caselaws?id=261183 The Tribunal partly allowed the appeal challenging the reassessment proceedings under sections 147/148 of the I.T. Act, 1961. It upheld the validity of the reassessment within the prescribed time limit and dismissed the appeal on this ground. The Tribunal directed the Assessing Officer to reconsider the valuation report for the cost of acquisition and make decisions accordingly, setting aside previous decisions on the addition of deemed sales consideration and non-admission of the valuation report. The outcome regarding the deletion of interest charged under section 234B was not specified in the judgment summary. en-us Fri, 07 Mar 2014 00:00:00 +0530 Wed, 01 Jul 2015 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261183 The Tribunal partly allowed the appeal challenging the reassessment proceedings under sections 147/148 of the I.T. Act, 1961. It upheld the validity of the reassessment within the prescribed time limit and dismissed the appeal on this ground. The Tribunal directed the Assessing Officer to reconsider the valuation report for the cost of acquisition and make decisions accordingly, setting aside previous decisions on the addition of deemed sales consideration and non-admission of the valuation report. The outcome regarding the deletion of interest charged under section 234B was not specified in the judgment summary. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261183