https://www.taxtmi.com/caselaws?id=70807 The Tribunal invalidated the reassessments for assessment years 1995-96 and 1996-97, ruling in favor of the assessee. The reassessments were deemed improper due to the unauthorized reference to the Valuation Officer and the unjustified rejection of the books of account. The Tribunal held that the Assessing Officer lacked jurisdiction to make the reference without pending proceedings and that reliance solely on the D.V.O.'s report for reopening assessments was not valid. The Tribunal emphasized the necessity for the Assessing Officer to provide a reasonable opportunity for the assessee to substantiate claims before rejecting books of account. en-us Thu, 18 Apr 2002 00:00:00 +0530 Tue, 18 Jun 2013 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70807 The Tribunal invalidated the reassessments for assessment years 1995-96 and 1996-97, ruling in favor of the assessee. The reassessments were deemed improper due to the unauthorized reference to the Valuation Officer and the unjustified rejection of the books of account. The Tribunal held that the Assessing Officer lacked jurisdiction to make the reference without pending proceedings and that reliance solely on the D.V.O.'s report for reopening assessments was not valid. The Tribunal emphasized the necessity for the Assessing Officer to provide a reasonable opportunity for the assessee to substantiate claims before rejecting books of account. Case-Laws Income Tax Thu, 18 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70807