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2014 (9) TMI 1068 - AT - Income TaxReopening of the assessment - applicability of provisions of section 50C - Held that:- Section 50C was not applicable to the case of the assessee during the relevant period as the sale agreement in question was unregistered document and was not assessed by the Stamp Valuation Authorities. Hence, the reopening of the assessment on the ground of applicability of section 50C was itself bad in law. We accordingly set aside the order of the AO passed in reopened assessment proceedings under section 147 and restore the original assessment order dated 08.12.2008 under section 143(3) of the Act. - Decided n favour of assessee
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