TMI BlogSEC 148 INCOME TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... 3 BROTHERS SOLD PROPERTY AS 1/3RD YEAR EACH, ALL INVESTED IN SEPARATE PROPERTY AND TAKEN BENEFIT U/S 54 ..ONE BROTHER WAS ASSESSED U/S 143(3) WHEREIN DEMAND WAS CREATED ON BASIS OF DIFFERENCE IN VA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LUATION OF PROPERTY RATES I.E CIRCLE RATES. REST TWO BROTHERS RECEIVED NOTICE FROM I.T.O FOR REASSESSMENT U/S 147 ...... QUERY IS WEATHER ITO ON BASIS OF ADDITION IN INCOME OF ONE BROTHER CAN ITO GIV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... E NOTICE N REASSESS OTHER TWO BROTHERS, IT THIS ADDITION A SUBSTANTIAL EVIDENCE TO REASSESS. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Whether the addition in respect of first brother is conf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irmed? If so whether he went for in appeal? If it is confirmed for the first brother, on the basis of the same, assessment can be reopened. However you may contest the notice on reassessment. - S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EC 148 INCOME TAX - Query Started By: - puneet virmani Dated:- 26-2-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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