https://www.taxtmi.com/caselaws?id=266471 The tribunal allowed the appeal of the assessee, holding that the Commissioner of Income Tax (Appeals) exceeded jurisdiction by introducing a new source of income, improperly applied Section 50C, and the reopening of assessment was invalid. The tax liability on the sale of the property was determined to rest with the estates of Mrs. Meerabai Dawson as per the compromise agreement, avoiding double taxation. en-us Fri, 11 Sep 2015 00:00:00 +0530 Wed, 21 Oct 2015 09:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266471 The tribunal allowed the appeal of the assessee, holding that the Commissioner of Income Tax (Appeals) exceeded jurisdiction by introducing a new source of income, improperly applied Section 50C, and the reopening of assessment was invalid. The tax liability on the sale of the property was determined to rest with the estates of Mrs. Meerabai Dawson as per the compromise agreement, avoiding double taxation. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266471