https://www.taxtmi.com/caselaws?id=290975 The Tribunal allowed the appeal against the order of the ld. CIT(A)-4, Bangalore for Assessment Year 2011-12. The Tribunal held that the assessment was not void-ab-initio despite the absence of a notice under section 143(2) on the revised return. The addition of Rs. 4,70,400 under section 50C of the IT Act was deleted by the Tribunal due to valuation differences being less than 10%. The interest issue under section 234B was not separately addressed as the addition under section 50C was deleted. The appeal was allowed primarily based on the deletion of the addition under section 50C. en-us Fri, 04 May 2018 00:00:00 +0530 Fri, 23 Oct 2020 14:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290975 The Tribunal allowed the appeal against the order of the ld. CIT(A)-4, Bangalore for Assessment Year 2011-12. The Tribunal held that the assessment was not void-ab-initio despite the absence of a notice under section 143(2) on the revised return. The addition of Rs. 4,70,400 under section 50C of the IT Act was deleted by the Tribunal due to valuation differences being less than 10%. The interest issue under section 234B was not separately addressed as the addition under section 50C was deleted. The appeal was allowed primarily based on the deletion of the addition under section 50C. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290975