https://www.taxtmi.com/caselaws?id=214377 The court dismissed the Revenue's appeal challenging the reopening of assessment for the assessment year 1992-93. It ruled that the Assessing Officer could not validly reopen the assessment based on the Departmental Valuation Officer's report, as it did not comply with relevant provisions. The court emphasized the limitations on Assessing Officers in relying on such reports for reassessment, ensuring procedural fairness and adherence to legal provisions in income tax assessments. en-us Wed, 14 Jul 2010 00:00:00 +0530 Thu, 28 Jun 2012 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214377 The court dismissed the Revenue's appeal challenging the reopening of assessment for the assessment year 1992-93. It ruled that the Assessing Officer could not validly reopen the assessment based on the Departmental Valuation Officer's report, as it did not comply with relevant provisions. The court emphasized the limitations on Assessing Officers in relying on such reports for reassessment, ensuring procedural fairness and adherence to legal provisions in income tax assessments. Case-Laws Income Tax Wed, 14 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214377