https://www.taxtmi.com/caselaws?id=219790 The Tribunal allowed all four appeals filed by the assessee for the assessment years 2001-02, 2002-03, 2004-05, and 2005-06, as the reassessment proceedings initiated solely on the basis of the District Valuation Officer's report were found to be invalid. The Tribunal canceled the assessment order under section 143(3) r.w.s. 147 of the Income Tax Act, following the principles established by the Supreme Court and the Lucknow Bench that the DVO's report alone cannot be the basis for reopening an assessment when no incriminating evidence is found against the assessee. en-us Thu, 07 Jun 2012 00:00:00 +0530 Mon, 17 Dec 2012 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219790 The Tribunal allowed all four appeals filed by the assessee for the assessment years 2001-02, 2002-03, 2004-05, and 2005-06, as the reassessment proceedings initiated solely on the basis of the District Valuation Officer's report were found to be invalid. The Tribunal canceled the assessment order under section 143(3) r.w.s. 147 of the Income Tax Act, following the principles established by the Supreme Court and the Lucknow Bench that the DVO's report alone cannot be the basis for reopening an assessment when no incriminating evidence is found against the assessee. Case-Laws Income Tax Thu, 07 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219790