https://www.taxtmi.com/caselaws?id=275297 The Tribunal upheld the reopening of the assessment under Section 148, finding valid reasons for income escapement and no procedural error in issuing the notice. However, the Tribunal directed the AO to refer the valuation issue under Section 50C to the DVO for fair market value determination. The assessee's appeal was partly allowed. en-us Fri, 18 Mar 2016 00:00:00 +0530 Thu, 27 Sep 2018 06:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275297 The Tribunal upheld the reopening of the assessment under Section 148, finding valid reasons for income escapement and no procedural error in issuing the notice. However, the Tribunal directed the AO to refer the valuation issue under Section 50C to the DVO for fair market value determination. The assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275297