https://www.taxtmi.com/caselaws?id=417935 The tribunal found the reassessment proceedings under Section 147 invalid, ruled Section 45(3) inapplicable to the land transfer to the partnership firm, dismissed claims of sham arrangement and undervaluation, and deemed the revaluation profit non-taxable. The appeals were dismissed as no substantial legal questions arose. en-us Tue, 18 Jan 2022 00:00:00 +0530 Thu, 28 Apr 2022 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417935 The tribunal found the reassessment proceedings under Section 147 invalid, ruled Section 45(3) inapplicable to the land transfer to the partnership firm, dismissed claims of sham arrangement and undervaluation, and deemed the revaluation profit non-taxable. The appeals were dismissed as no substantial legal questions arose. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417935