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2012 (7) TMI 242 - AT - Income TaxJurisdiction of Assessing Officer to revisit issue while giving effect to direction of High Court, when the same was not a subject matter before the High Court - assessee contending adoption of sale consideration actually received as against amount receivable under the agreement that was later cancelled and adopted by AO - Held that:- Matter of actual sale consideration received was not a subject matter neither before the Tribunal nor before the High Court, therefore, it cannot be said that the AO ought to have considered the same in the assessment completed pursuant to the High Court’s judgement dated 13/12/2007. Therefore, as rightly pointed out in the CIT(A)’s order in the set aside assessment proceedings, the Assessing Officer did not have the jurisdiction to revisit this issue. Appeal of assessee dismissed.
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