https://www.taxtmi.com/caselaws?id=770800 ITAT Pune held that reopening of assessment under section 147 for sale of immovable property lacked proper basis where property was jointly owned by six persons including assessee, but only assessee received notice under section 148 while co-owners including assessee's brother were not issued similar notices. Tribunal restored matter to CIT(A)/NFAC for re-adjudication on validity of reassessment proceedings after considering facts regarding all co-owners and providing due hearing opportunity. Appeal partly allowed for statistical purposes. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770800 ITAT Pune held that reopening of assessment under section 147 for sale of immovable property lacked proper basis where property was jointly owned by six persons including assessee, but only assessee received notice under section 148 while co-owners including assessee's brother were not issued similar notices. Tribunal restored matter to CIT(A)/NFAC for re-adjudication on validity of reassessment proceedings after considering facts regarding all co-owners and providing due hearing opportunity. Appeal partly allowed for statistical purposes. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770800