https://www.taxtmi.com/caselaws?id=66201 The Tribunal dismissed the departmental appeals, ruling that the reopening of assessments under Section 147(a) was invalid. The additions based on the Departmental Valuer's report were deemed unjustified as the assessee's declared construction cost was supported by proper account books and vouchers, which were not rejected. The Tribunal emphasized the importance of rejecting account books before relying on valuation reports for additions. The cross-objections filed by the assessee were dismissed as well. en-us Wed, 21 Jul 1993 00:00:00 +0530 Tue, 22 Feb 2011 11:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66201 The Tribunal dismissed the departmental appeals, ruling that the reopening of assessments under Section 147(a) was invalid. The additions based on the Departmental Valuer's report were deemed unjustified as the assessee's declared construction cost was supported by proper account books and vouchers, which were not rejected. The Tribunal emphasized the importance of rejecting account books before relying on valuation reports for additions. The cross-objections filed by the assessee were dismissed as well. Case-Laws Income Tax Wed, 21 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66201