https://www.taxtmi.com/caselaws?id=442712 The court dismissed the writ petition concerning Assessment Year 2019-20 under the Income Tax Act, 1961, related to the sale of properties below stamp duty value and non-disclosure of payment receipt. The petitioner's delay in approaching the court and the need for further investigation by the Assessing Officer were highlighted. The court declined to entertain the petition but directed the revenue to provide approval for reassessment proceedings within ten days. The petitioner was allowed to raise legal and factual contentions during reassessment. No separate judgments were delivered by the judges. en-us Tue, 29 Aug 2023 00:00:00 +0530 Fri, 08 Sep 2023 09:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442712 The court dismissed the writ petition concerning Assessment Year 2019-20 under the Income Tax Act, 1961, related to the sale of properties below stamp duty value and non-disclosure of payment receipt. The petitioner's delay in approaching the court and the need for further investigation by the Assessing Officer were highlighted. The court declined to entertain the petition but directed the revenue to provide approval for reassessment proceedings within ten days. The petitioner was allowed to raise legal and factual contentions during reassessment. No separate judgments were delivered by the judges. Case-Laws Income Tax Tue, 29 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442712