https://www.taxtmi.com/caselaws?id=244304 The court quashed the order dated 30.3.2005, ruling the reference to the Valuation Officer invalid as the Assessing Officer lacked authority under Section 142A of the Income Tax Act due to premature invocation without complying with relevant sections. The court held that the Assessing Officer's jurisdiction to call for the report was valid only if assessment proceedings were pending and if the parameters of Section 142A were met. The petition challenging the reference order was deemed not premature, emphasizing the need to terminate inquiries if the reference itself was invalid. en-us Wed, 12 Feb 2014 00:00:00 +0530 Sat, 22 Feb 2014 17:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244304 The court quashed the order dated 30.3.2005, ruling the reference to the Valuation Officer invalid as the Assessing Officer lacked authority under Section 142A of the Income Tax Act due to premature invocation without complying with relevant sections. The court held that the Assessing Officer's jurisdiction to call for the report was valid only if assessment proceedings were pending and if the parameters of Section 142A were met. The petition challenging the reference order was deemed not premature, emphasizing the need to terminate inquiries if the reference itself was invalid. Case-Laws Income Tax Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244304