No reassessment solely on basis of info. received on account of search conducted in case of a third person : HC

INCOME TAX : Where assessee sold a land to two individuals and declared capital gain of certain amount and AO issued a reopening notice on ground that said land was actually sold to one ‘KS’ group for sale consideration of much higher amount, since assessee’s transaction of sale was with two individuals who later sold land to ‘KS’ groupINCOME TAX : Where assessee sold a land to two individuals and declared capital gain of certain amount and AO issued a reopening notice on ground that said land was actually sold to one ‘KS’ group for sale consideration of much higher amount, since assessee’s transaction of sale was with two individuals who later sold land to ‘KS’ groupwww.taxmann.com Latest Case LawsRead More

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