https://www.taxtmi.com/caselaws?id=369389 The Court set aside the notice of reopening of assessment for the assessment year 2011-12 as subsequent developments eliminated the basis for the notice. The Assessing Officer referred the valuation of properties to the Department of Valuation Officer, who confirmed the valuation at par with the sale consideration. The Revenue agreed no additions were necessary in the fresh assessment, leading to the notice being set aside, ending the litigation. Other issues raised by the Revenue were left open for future consideration. en-us Mon, 01 Oct 2018 00:00:00 +0530 Fri, 26 Oct 2018 06:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369389 The Court set aside the notice of reopening of assessment for the assessment year 2011-12 as subsequent developments eliminated the basis for the notice. The Assessing Officer referred the valuation of properties to the Department of Valuation Officer, who confirmed the valuation at par with the sale consideration. The Revenue agreed no additions were necessary in the fresh assessment, leading to the notice being set aside, ending the litigation. Other issues raised by the Revenue were left open for future consideration. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369389