Dismissing the appeal of the assesseee the Court held that, the reassessment is held to be valid. As regards referring the matter for valuation to the file of the AO is held to be valid. (AY. 2009-10)
Joshna Rajendra (Smt.) v. ITO (2020) 185 DTR 361 (Karn.)(HC)
S. 147 : Reassessment–With in four years–Capital gains-Valuation-Reassessment is held to be valid–Referring the matter for valuation to the file of the AO is held to be valid. [S. 2(47)(v), 50C), 148]