https://www.taxtmi.com/caselaws?id=123045 The Tribunal dismissed the Department's appeals, affirming the cancellation of assessment orders passed based on the DVO's report. It held that reopening assessments solely on the DVO's report was invalid, citing judicial precedents emphasizing the need for the Assessing Officer to exercise independent judgment. The Tribunal concluded that the reassessment proceedings were invalid, highlighting that the DVO's opinion alone does not constitute valid information for reopening assessments under section 147 of the Income Tax Act. en-us Wed, 26 May 2010 00:00:00 +0530 Thu, 30 Aug 2012 14:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123045 The Tribunal dismissed the Department's appeals, affirming the cancellation of assessment orders passed based on the DVO's report. It held that reopening assessments solely on the DVO's report was invalid, citing judicial precedents emphasizing the need for the Assessing Officer to exercise independent judgment. The Tribunal concluded that the reassessment proceedings were invalid, highlighting that the DVO's opinion alone does not constitute valid information for reopening assessments under section 147 of the Income Tax Act. Case-Laws Income Tax Wed, 26 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123045