https://www.taxtmi.com/caselaws?id=780307 ITAT, Ahmedabad upheld reopening u/s 147 for AY 2014-15 despite notice beyond four years, finding the AO had recorded proper reasons, obtained prior approval and the assessee had not filed a return; CIT(A)'s contrary view was rejected and Revenue's ground 1 allowed. On addition u/s 50C for alleged under-valuation, ITAT sustained CIT(A)'s deletion: the assessee paid stamp duty on the agreement value, revenue failed to show receipt of excess consideration, and the AO could not disregard the DVO report he had commissioned; Revenue's ground 2 dismissed. en-us Wed, 15 Oct 2025 00:00:00 +0530 Tue, 28 Oct 2025 08:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780307 ITAT, Ahmedabad upheld reopening u/s 147 for AY 2014-15 despite notice beyond four years, finding the AO had recorded proper reasons, obtained prior approval and the assessee had not filed a return; CIT(A)'s contrary view was rejected and Revenue's ground 1 allowed. On addition u/s 50C for alleged under-valuation, ITAT sustained CIT(A)'s deletion: the assessee paid stamp duty on the agreement value, revenue failed to show receipt of excess consideration, and the AO could not disregard the DVO report he had commissioned; Revenue's ground 2 dismissed. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780307