https://www.taxtmi.com/caselaws?id=466869 ITAT considered whether reassessment for AY 2003-04 could be reopened under the reopening doctrine and section 150 where the return was already time barred when the appellate order relied upon was passed, and held that an appellate order containing no finding or direction necessary for disposal of that year cannot revive a time barred reassessment; accordingly reopening was barred. The tribunal also examined capital gain additions, accepting stamp duty based valuation and indexation for cost of acquisition, and found the Assessing Officer's additions unsustainable, directing deletion. en-us Tue, 25 Feb 2025 00:00:00 +0530 Sat, 21 Feb 2026 12:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466869 ITAT considered whether reassessment for AY 2003-04 could be reopened under the reopening doctrine and section 150 where the return was already time barred when the appellate order relied upon was passed, and held that an appellate order containing no finding or direction necessary for disposal of that year cannot revive a time barred reassessment; accordingly reopening was barred. The tribunal also examined capital gain additions, accepting stamp duty based valuation and indexation for cost of acquisition, and found the Assessing Officer's additions unsustainable, directing deletion. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466869