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2018 (5) TMI 1443 - HC - Income TaxReopening of assessment u/s 147 - sale of immovable property - capital gain or capital loss - assessee produced purchase and sale deeds alongwith approved valuer’s report assessing the value of property - The impugned notice was issued beyond the period of 4 years - notice must be quashed on the ground of change of opinion - thus reopening of the assessment is wholly impermissible - decided in favor of assessee
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