https://www.taxtmi.com/highlights?id=57495 Reopening of assessment u/s 147 - undisclosed capital gain - a right person is liable to pay tax on his income and no option is available to tax income in the hands of person other than one in whose hands it is taxable. - Income Tax is leviable only on the real income which the assessee has proved beyond doubt that assessee has received only 25% of the sale consideration - AT en-us Tue, 06 Apr 2021 22:13:26 +0530 Tue, 06 Apr 2021 22:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57495 Reopening of assessment u/s 147 - undisclosed capital gain - a right person is liable to pay tax on his income and no option is available to tax income in the hands of person other than one in whose hands it is taxable. - Income Tax is leviable only on the real income which the assessee has proved beyond doubt that assessee has received only 25% of the sale consideration - AT Highlights Income Tax Tue, 06 Apr 2021 22:13:26 +0530 https://www.taxtmi.com/highlights?id=57495