https://www.taxtmi.com/caselaws?id=185560 The Court ruled in favor of the assessee, dismissing the appeals as the provisions of s. 142A could not be invoked in this case based on the existing legal framework and the specific circumstances of the assessment proceedings. The Court held that s. 131(1)(d) does not empower the AO to refer matters to the Valuation Officer and that s. 142A cannot be applied retrospectively to finalized assessments before Sept. 30, 2004. en-us Mon, 11 Feb 2008 00:00:00 +0530 Fri, 19 Aug 2016 17:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185560 The Court ruled in favor of the assessee, dismissing the appeals as the provisions of s. 142A could not be invoked in this case based on the existing legal framework and the specific circumstances of the assessment proceedings. The Court held that s. 131(1)(d) does not empower the AO to refer matters to the Valuation Officer and that s. 142A cannot be applied retrospectively to finalized assessments before Sept. 30, 2004. Case-Laws Income Tax Mon, 11 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185560