https://www.taxtmi.com/caselaws?id=187739 The Court set aside the notice issued by the department under section 148 of the Income-tax Act for the assessment year 2006-07. The petitioner, involved in manufacturing Flexi Circuit Boards, challenged the notice based solely on the Departmental Valuation Officer's report on a factory building construction. The Court, considering past cases where additions based on the DVO's report were rejected, held that the DVO's report alone cannot justify reassessment for construction valuation. The petition was allowed, with no costs awarded. en-us Mon, 07 Dec 2009 00:00:00 +0530 Fri, 04 Nov 2016 13:00:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187739 The Court set aside the notice issued by the department under section 148 of the Income-tax Act for the assessment year 2006-07. The petitioner, involved in manufacturing Flexi Circuit Boards, challenged the notice based solely on the Departmental Valuation Officer's report on a factory building construction. The Court, considering past cases where additions based on the DVO's report were rejected, held that the DVO's report alone cannot justify reassessment for construction valuation. The petition was allowed, with no costs awarded. Case-Laws Income Tax Mon, 07 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187739