2009 (7) TMI 709

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..... difference between the cost of construction, estimated by the valuation officer and that disclosed by the assessee being unexplained investment under section 69 of the Income-tax Act, by placing reliance on the judgment in the case of Smt. Amiya Bala Paul v. CIT 2008 -TMI - 6124 - SUPREME Court without taking into consideration the amended provisions of section 142A(1) of the Income-tax Act, intro .....

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..... g the addition made by the Assessing Officer on account of difference between the cost of construction, estimated by the valuation officer and that disclosed by the assessee being unexplained investment under section 69 of the Income-tax Act, by placing reliance on the judgment in the case of Smt. Amiya Bala Paul v. CIT [2003] 262 ITR 407 (SC) without taking into consideration the amended provisio .....

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..... g contained in this section shall apply in respect of an assessment made on or before the 30 th day of September, 2004, and where such assessment has become final and conclusive on or before that date except in cases where a reassessment is required to be made in accordance with the provisions of section 153A." 5. We find that in the present case the reassessment proceedings would be hit by the .....

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