https://www.taxtmi.com/caselaws?id=254007 The Tribunal quashed all assessments framed due to invalid reopening based on the DVO's report, as the Assessing Officer failed to apply his mind before making references to the DVO. The reopening solely on the valuation report was deemed insufficient and not valid, leading to the dismissal of Revenue's appeals and allowance of the assessee's appeals. The Tribunal highlighted that the reference to the DVO without rejecting the books of account was invalid, in line with its earlier order concerning a similar assessment year. en-us Wed, 03 Dec 2014 00:00:00 +0530 Tue, 09 Dec 2014 23:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254007 The Tribunal quashed all assessments framed due to invalid reopening based on the DVO's report, as the Assessing Officer failed to apply his mind before making references to the DVO. The reopening solely on the valuation report was deemed insufficient and not valid, leading to the dismissal of Revenue's appeals and allowance of the assessee's appeals. The Tribunal highlighted that the reference to the DVO without rejecting the books of account was invalid, in line with its earlier order concerning a similar assessment year. Case-Laws Income Tax Wed, 03 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254007