https://www.taxtmi.com/caselaws?id=77115 The Allahabad High Court dismissed the appeal regarding reassessment under sections 147/148 of the Income-tax Act, 1961, based on a Departmental Valuation Officer's report. The court upheld the Tribunal's decision to quash the reassessment order, citing the inapplicability of section 142A inserted by the Finance (No. 2) Act, 2004, as the original assessment was finalized before the relevant date. The court found the Tribunal's decision legally valid, leading to the dismissal of the appeal. en-us Wed, 19 Aug 2009 00:00:00 +0530 Fri, 01 Feb 2013 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77115 The Allahabad High Court dismissed the appeal regarding reassessment under sections 147/148 of the Income-tax Act, 1961, based on a Departmental Valuation Officer's report. The court upheld the Tribunal's decision to quash the reassessment order, citing the inapplicability of section 142A inserted by the Finance (No. 2) Act, 2004, as the original assessment was finalized before the relevant date. The court found the Tribunal's decision legally valid, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 19 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77115