https://www.taxtmi.com/forum/issue?id=5101 Reopening an assessment after a protective assessment is raised where a later DVO valuation report shows higher construction costs than declared. Key issues are whether the assessing officer can reopen based on the belated DVO report and whether a DVO reference under the valuation-reference provision is competent to determine construction cost when the applicability of the unexplained income head was contested on appeal. en-us Wed, 26 Dec 2012 13:52:01 +0530 Thu, 23 Jan 2025 15:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5101 Reopening an assessment after a protective assessment is raised where a later DVO valuation report shows higher construction costs than declared. Key issues are whether the assessing officer can reopen based on the belated DVO report and whether a DVO reference under the valuation-reference provision is competent to determine construction cost when the applicability of the unexplained income head was contested on appeal. Discussion-Forum Income Tax Wed, 26 Dec 2012 13:52:01 +0530 https://www.taxtmi.com/forum/issue?id=5101