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2009 (7) TMI 828 - AT - Income TaxCapital gains - value adopted by the stamp valuation authority exceeded the market value of the property as on the date of transfer - long-term capital gains to the appellant's returned income, the AO ignored the facts of the case - sale deed evidencing the value adopted by the stamp valuation authority at higher figure than the actual sale consideration received - AO initiated proceedings under s. 148 of IT Act by change of opinion already entertained in regular assessment framed under s. 143(3) of IT Act in this case and as such the action cannot be held to be valid - appeal by the assessee allowed
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