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2013 (11) TMI 1240 - AT - Income TaxReassessment u/s 147 read with 148 - held that:- Since originally no assessment was framed u/s 143(3) of the Act and information also came to the Revenue, therefore, revenue had right to reopen the assessment Chargeability of capital gain on the transfer of plot - joint development agreement - taxable in the hands of assessee or society - Held that:- following the decision in Shri Charanjit Singh Atwal [2013 (8) TMI 364 - ITAT CHANDIGARH] the capital gain is taxable in the hands of assessee - decided against the assessee.
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