HC upheld reassessment as EDC received by developers wasn't considered at time of original assessment

IT : Where after expiry of four years from end of relevant year, AO sought to reopen assessment on ground that assessee had received External Development Charges (EDC) from Land Developers/Colonizers/Real Estate builders/Promoters which were not brought to ambit of tax by assessee but were instead shown as a liability in its balance sheet, in view of fact that issue relating to taxability of EDC was not considered by Assessing Officer at time of assessment and, moreover, there was no proper disc

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