https://www.taxtmi.com/caselaws?id=205006 The Court held that the assessing authority had no legal authority to refer the matter to the valuation officer for determining the cost of construction as the assessment was made before the specified date, making section 142A of the Income-tax Act, 1961 inapplicable. Consequently, the valuation report could not be used as the basis for initiating proceedings under section 148 of the Act. The Court allowed the writ petition, quashed the notice issued under section 148, and ordered no costs to be incurred. en-us Tue, 04 May 2010 00:00:00 +0530 Mon, 18 Jul 2011 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205006 The Court held that the assessing authority had no legal authority to refer the matter to the valuation officer for determining the cost of construction as the assessment was made before the specified date, making section 142A of the Income-tax Act, 1961 inapplicable. Consequently, the valuation report could not be used as the basis for initiating proceedings under section 148 of the Act. The Court allowed the writ petition, quashed the notice issued under section 148, and ordered no costs to be incurred. Case-Laws Income Tax Tue, 04 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205006