https://www.taxtmi.com/caselaws?id=466677 Challenges to notices for failure to mention DIN were dismissed where the record demonstrated presence of a DIN. Reassessment notices issued on or after 01.04.2021 were held valid where the reassessment procedure and the interposed opportunity process were complied with according to the amended statutory scheme and judicial interpretation, so limitation under the reenactment did not invalidate reopening. An addition under the gratuitous receipt/benefit provision for difference between guideline/residential value and sale consideration was disallowed where the deed classified the land as agricultural, stamp duty was paid on that basis and the market-to-sale variance was below the recognised 5% threshold. en-us Wed, 26 Feb 2025 00:00:00 +0530 Mon, 16 Feb 2026 20:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466677 Challenges to notices for failure to mention DIN were dismissed where the record demonstrated presence of a DIN. Reassessment notices issued on or after 01.04.2021 were held valid where the reassessment procedure and the interposed opportunity process were complied with according to the amended statutory scheme and judicial interpretation, so limitation under the reenactment did not invalidate reopening. An addition under the gratuitous receipt/benefit provision for difference between guideline/residential value and sale consideration was disallowed where the deed classified the land as agricultural, stamp duty was paid on that basis and the market-to-sale variance was below the recognised 5% threshold. Case-Laws Income Tax Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466677