https://www.taxtmi.com/caselaws?id=366006 The High Court set aside the notice for reopening the assessment for the assessment year 2011-12, ruling in favor of the petitioner. The court found that the Assessing Officer's belief that income had escaped assessment due to the sale of properties was unfounded. The petitioner had declared long-term capital gains in the return and provided necessary clarifications during the scrutiny assessment, which were accepted without any additions. The court concluded that the petitioner had disclosed the capital gains adequately, leading to the decision in favor of the petitioner. en-us Mon, 20 Aug 2018 00:00:00 +0530 Tue, 28 Aug 2018 08:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366006 The High Court set aside the notice for reopening the assessment for the assessment year 2011-12, ruling in favor of the petitioner. The court found that the Assessing Officer's belief that income had escaped assessment due to the sale of properties was unfounded. The petitioner had declared long-term capital gains in the return and provided necessary clarifications during the scrutiny assessment, which were accepted without any additions. The court concluded that the petitioner had disclosed the capital gains adequately, leading to the decision in favor of the petitioner. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366006