https://www.taxtmi.com/caselaws?id=449130 The HC quashed the impugned assessment order for the Assessment Year 2017-18, which involved discrepancies in property purchase price, rent receipts, and contractual receipts. The court found the additions to income unsustainable due to pending valuation reports and inadequate consideration of explanations provided by the petitioner. The matter was remanded for reconsideration by the Assessing Officer, who was directed to await the valuation report before proceeding. The writ petition was disposed of without costs, and connected miscellaneous petitions were closed. en-us Thu, 01 Feb 2024 00:00:00 +0530 Mon, 05 Feb 2024 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449130 The HC quashed the impugned assessment order for the Assessment Year 2017-18, which involved discrepancies in property purchase price, rent receipts, and contractual receipts. The court found the additions to income unsustainable due to pending valuation reports and inadequate consideration of explanations provided by the petitioner. The matter was remanded for reconsideration by the Assessing Officer, who was directed to await the valuation report before proceeding. The writ petition was disposed of without costs, and connected miscellaneous petitions were closed. Case-Laws Income Tax Thu, 01 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449130