Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (8) TMI 635 - ALLAHABAD HIGH COURTReassessment- On the basis of the report of the valuation officer the Assessing Officer added the difference in the valuation made by the departmental valuation officer and the investment shown by the assessee as income from other sources which order was upheld by Commissioner (Appeals). The Tribunal quashed the reassessment order. Held that- the reassessment proceedings would be hit by the proviso as it also forms part of section 142A of the Act, inserted by the Finance Act, 2004. the proceedings had become final between the parties on the date when section 142A was inserted by the Act.
|