https://www.taxtmi.com/caselaws?id=12195 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and validating the reopening of assessments for specific years under the Income-tax Act. Despite the addition being less than Rs. 50,000 in a year, it was deemed part of the larger investment in construction, justifying reassessment. The Court found the reopening valid and not time-barred, emphasizing compliance with procedural requirements. The judgment resolved discrepancies in house construction value and affirmed the spread over of addition to construction cost over multiple assessment years. en-us Mon, 19 Aug 2002 00:00:00 +0530 Fri, 19 Feb 2010 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12195 The High Court upheld the Tribunal's decision, ruling in favor of the Revenue and validating the reopening of assessments for specific years under the Income-tax Act. Despite the addition being less than Rs. 50,000 in a year, it was deemed part of the larger investment in construction, justifying reassessment. The Court found the reopening valid and not time-barred, emphasizing compliance with procedural requirements. The judgment resolved discrepancies in house construction value and affirmed the spread over of addition to construction cost over multiple assessment years. Case-Laws Income Tax Mon, 19 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12195