The assesee has claimed deduction under section 54B of the Act which was allowed. The Assessing Officer issued reassessment notice on ground that land was sold by brothers of assessee and income had escaped assessment. On writ the Court held that there was no specific question raised with regard to deduction claimed under section 54B, hence issue of reassessment notice is valid. (AY. 2009-10)
Yogesh Kumar Saini v. UOI (2025) 302 Taxman 427 (Raj.)(HC)
S. 147: Reassessment-Capital gains-Land used for agricultural purposes-Reassessment notice is justified. [S. 45, 54B, 143(3), 148, Art. 226.]
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