https://www.taxtmi.com/caselaws?id=309023 Section 54B exemption and reopening under section 148 remained subject to further consideration while assessment proceedings were pending. The disputed issues included whether an audit objection could support reopening despite the original allowance being defended by the Deputy Commissioner, whether reopening rested on a mere change of opinion, and whether the land retained its agricultural character in light of proceedings under the Urban Land (Ceiling and Regulation) Act, 1976. No final determination was made on either the exemption or reopening; interim directions required completion of assessment and protected against recovery. en-us Mon, 10 Mar 2014 00:00:00 +0530 Mon, 07 Aug 2023 21:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309023 Section 54B exemption and reopening under section 148 remained subject to further consideration while assessment proceedings were pending. The disputed issues included whether an audit objection could support reopening despite the original allowance being defended by the Deputy Commissioner, whether reopening rested on a mere change of opinion, and whether the land retained its agricultural character in light of proceedings under the Urban Land (Ceiling and Regulation) Act, 1976. No final determination was made on either the exemption or reopening; interim directions required completion of assessment and protected against recovery. Case-Laws Income Tax Mon, 10 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309023