https://www.taxtmi.com/caselaws?id=459304 Assessment under section 147 read with section 144 was based on an accrual addition treating a joint development agreement as a transfer under section 2(47), but the assessee contended that the project had not materialised and possession had not been handed over. As proper opportunity of representation had not been afforded, the matter was considered fit for restoration to ensure a fair hearing. The assessment order was set aside and the case was remanded to the Assessing Officer for de novo assessment after giving the assessee proper opportunity. en-us Fri, 02 Aug 2024 00:00:00 +0530 Sat, 07 Dec 2024 19:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459304 Assessment under section 147 read with section 144 was based on an accrual addition treating a joint development agreement as a transfer under section 2(47), but the assessee contended that the project had not materialised and possession had not been handed over. As proper opportunity of representation had not been afforded, the matter was considered fit for restoration to ensure a fair hearing. The assessment order was set aside and the case was remanded to the Assessing Officer for de novo assessment after giving the assessee proper opportunity. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459304