https://www.taxtmi.com/caselaws?id=68379 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision to quash the reassessment proceedings under section 148 of the IT Act. It was held that the Valuation Officer's report obtained after the original assessments could not be used as a basis for reassessment, in line with established judicial precedents emphasizing that such reports are opinions and not substantive grounds for reassessment. en-us Fri, 25 Aug 2000 00:00:00 +0530 Tue, 29 Mar 2011 16:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68379 The Tribunal dismissed the Revenue's appeals, affirming the CIT(A)'s decision to quash the reassessment proceedings under section 148 of the IT Act. It was held that the Valuation Officer's report obtained after the original assessments could not be used as a basis for reassessment, in line with established judicial precedents emphasizing that such reports are opinions and not substantive grounds for reassessment. Case-Laws Income Tax Fri, 25 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68379