Dismissing the petition the Court held that the assessee had herself shown capital gain on sale of said land in question in her income tax return. No query was made during original assessment as to why assessee had shown capital gain on said land in ITR when she herself was of view that impugned land was an agricultural land and did not fall within purview of section 2(14) of the Act. No inquiry was conducted by Assessing Officer in accordance with provision of section 50C as well as undervaluation of consideration. Reassessment notice is held to be valid.  (AY. 2014-15)