2022 (2) TMI 495

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..... o the returned income of the respondent/assessee even when the Assessing Officer was fully aware of the Long Term Capital Gain claimed as exempt from tax. This Court is of the view that in the garb of reassessment proceedings, the appellant cannot seek to verify the same details on the strength of material which was already available on record. This Court is also in agreement with the finding o .....

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..... al return of income on 27 th July, 2011. A search was conducted at the premises of the respondent/assessee on 22nd March, 2012 and the assessment was framed under Section 153A of the Income Tax Act, 1961 (hereinafter referred to as the Act ) vide order dated 28th February, 2014. 4. On 31 st March, 2016, a notice of reassessment under Section 148 of the Act was issued and served upon the re .....

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