Reassessment valid as material seized during search showed that assessee received unaccounted cash for sale of land

INCOME TAX : Where assessee claimed to have sold a land for sale consideration of Rs. 5.38 crores and reopening notice was issued against assessee on ground that during search carried upon a group voluminous material was collected which prima facie showed that assessee had received Rs. 9.07 crores as unaccounted cash (on money) over and above registered sale value of land, impugned reopening notice issued against assessee who had not filed its return during year was justified

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