https://www.taxtmi.com/forum/issue?id=1971 A DVO report may justify reopening an assessment if the statutory conditions for reassessment are satisfied; it can be a ground for reopening when referenced before completion of original assessment and may permit recomputation in consequence of such reference. If the original assessment was made on full facts and the DVO report is obtained only thereafter, reliance on it may constitute a mere change of opinion and thus not be a lawful basis for reassessment. Valuation differences and wealth tax issues require fact-specific analysis. en-us Tue, 08 Jun 2010 16:58:52 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1971 A DVO report may justify reopening an assessment if the statutory conditions for reassessment are satisfied; it can be a ground for reopening when referenced before completion of original assessment and may permit recomputation in consequence of such reference. If the original assessment was made on full facts and the DVO report is obtained only thereafter, reliance on it may constitute a mere change of opinion and thus not be a lawful basis for reassessment. Valuation differences and wealth tax issues require fact-specific analysis. Discussion-Forum Income Tax Tue, 08 Jun 2010 16:58:52 +0530 https://www.taxtmi.com/forum/issue?id=1971