https://www.taxtmi.com/caselaws?id=239354 The High Court dismissed all income tax appeals, emphasizing that reassessing an assessee solely based on the DVO's report without concrete evidence of concealment or income escapement is unjustified. The court held that additional material beyond the DVO's opinion is required for reassessment under Section 147. Relying on Supreme Court and previous High Court decisions, the court ruled that without substantial grounds, such reassessment actions are unwarranted. en-us Thu, 31 Oct 2013 00:00:00 +0530 Tue, 12 Nov 2013 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239354 The High Court dismissed all income tax appeals, emphasizing that reassessing an assessee solely based on the DVO's report without concrete evidence of concealment or income escapement is unjustified. The court held that additional material beyond the DVO's opinion is required for reassessment under Section 147. Relying on Supreme Court and previous High Court decisions, the court ruled that without substantial grounds, such reassessment actions are unwarranted. Case-Laws Income Tax Thu, 31 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239354