No reopening merely on the basis of Assessment of other co­-sharer

Kalpana Chimanlal Shah Vs ITO (Gujarat High Court)

The Assessing Officer examined the petitioner’s declaration of sale of immovable property and resultant loss, which she claimed. The Assessing Officer called for the purchase and sale deeds as also supporting evidence for computation of capital gain. The assessee produced such documents and the approved valuer’s report assessing the value of property as on 1^st April 1981. The Assessing Officer being satisfied with such material, m

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