HC quashed reassessment as assessee duly disclosed all material facts during original proceedings

INCOME TAX : Where reopening notice was issued against assessee for reason that assessee was not eligible for exemption under sections 53(b) and 54(1)(i) in respect of consideration received from sale of a property being an agricultural land in form of a farmhouse along with water tank, servant quarter, etc., constructed on it as property in question was an agricultural land,

from www.taxmann.com Latest Case Laws https://ift.tt/3ah5YFw