https://www.taxtmi.com/caselaws?id=341752 The Appellate Tribunal ITAT DELHI upheld the reassessment proceedings initiated by the AO based on the valuation report and dismissed the appeal of the assessee for the assessment year 2008-09. The Tribunal found that the notice issued under section 148 was valid as the assessee did not specifically challenge it on the grounds related to the valuation report or material obtained post-assessment. Additionally, the Tribunal determined that the objections raised by the assessee regarding the correctness of the valuation report were unsubstantiated and lacked evidence of specific defects. en-us Mon, 10 Apr 2017 00:00:00 +0530 Mon, 17 Apr 2017 08:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341752 The Appellate Tribunal ITAT DELHI upheld the reassessment proceedings initiated by the AO based on the valuation report and dismissed the appeal of the assessee for the assessment year 2008-09. The Tribunal found that the notice issued under section 148 was valid as the assessee did not specifically challenge it on the grounds related to the valuation report or material obtained post-assessment. Additionally, the Tribunal determined that the objections raised by the assessee regarding the correctness of the valuation report were unsubstantiated and lacked evidence of specific defects. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341752