Gujarat H.C : Where Assessing Officer passed assessment order accepting capital gain declared on sale of land after taking into consideration all relevant facts, reassessment proceedings could not be initiated merely on basis of change of opinion that income arising from sale of land was taxable as business income

High Court Of Gujarat Ashwamegh Co.Op. Hous. Soc. Ltd., Vibhag 2 VS. DCIT, Circle 9 & 1 Assessment year : 2007-08 Section : 147, 28(i), 45 Akil Kureshi And Ms. Harsha Devani, JJ. Special Civil Application Nos. 12598, 12600 & 12614 Of 2012 November 6, 2012 JUDGMENT Akil Kureshi, J. – These petitions arising in…

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