https://www.taxtmi.com/caselaws?id=467542 An appellate authority may examine the transaction, but any enhancement of assessment must comply with section 251(2) and be preceded by prior notice. Here, the first appellate authority enhanced the assessment by treating part of the transaction as taxable long-term capital gain without issuing the mandatory notice, so the enhancement was procedurally invalid and could not stand. The resulting addition was set aside, and the assessee obtained relief. The document also notes that the assessee's capital gains treatment and section 54F relief could not be interfered with through a notice-free enhancement. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 23 Mar 2026 20:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467542 An appellate authority may examine the transaction, but any enhancement of assessment must comply with section 251(2) and be preceded by prior notice. Here, the first appellate authority enhanced the assessment by treating part of the transaction as taxable long-term capital gain without issuing the mandatory notice, so the enhancement was procedurally invalid and could not stand. The resulting addition was set aside, and the assessee obtained relief. The document also notes that the assessee's capital gains treatment and section 54F relief could not be interfered with through a notice-free enhancement. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467542