https://www.taxtmi.com/highlights?id=71656 Validity of Reopening of assessment - deduction claimed u/s 54 - In the ITR, the assessee clearly discloses the said sale consideration coupled with the deductions claimed as described above. Apparently, prior to issuance of notice u/s 148A(b) of the Act, the Assessing Officer failed to notice the said disclosures. - It is a clear case of non-application of mind by the AO - HC en-us Fri, 25 Aug 2023 13:36:50 +0530 Fri, 25 Aug 2023 13:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71656 Validity of Reopening of assessment - deduction claimed u/s 54 - In the ITR, the assessee clearly discloses the said sale consideration coupled with the deductions claimed as described above. Apparently, prior to issuance of notice u/s 148A(b) of the Act, the Assessing Officer failed to notice the said disclosures. - It is a clear case of non-application of mind by the AO - HC Highlights Income Tax Fri, 25 Aug 2023 13:36:50 +0530 https://www.taxtmi.com/highlights?id=71656