https://www.taxtmi.com/caselaws?id=176211 The Tribunal held that the reopening of the assessment under section 148 was not justified as the information was irrelevant to the assessment year. It was also established that section 50C did not apply to transfers through unregistered sale agreements. The Tribunal found the calculation of capital gains by the AO to be incorrect and ruled in favor of the assessee, deleting the addition made. Consequently, the Tribunal allowed the appeal of the assessee, concluding that the addition was not justified. en-us Fri, 20 Jan 2012 00:00:00 +0530 Thu, 17 Dec 2015 10:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176211 The Tribunal held that the reopening of the assessment under section 148 was not justified as the information was irrelevant to the assessment year. It was also established that section 50C did not apply to transfers through unregistered sale agreements. The Tribunal found the calculation of capital gains by the AO to be incorrect and ruled in favor of the assessee, deleting the addition made. Consequently, the Tribunal allowed the appeal of the assessee, concluding that the addition was not justified. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176211