https://www.taxtmi.com/caselaws?id=342554 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to refer the valuation issue to the Departmental Valuation Officer and reassess the case accordingly. The reopening of the assessment under Section 147 of the Income Tax Act was upheld as valid, while the levy of interest under Sections 234B and 234C was dismissed as infructuous pending reassessment. en-us Fri, 13 Jan 2017 00:00:00 +0530 Mon, 08 May 2017 08:22:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342554 The appeal was partly allowed for statistical purposes. The Tribunal directed the Assessing Officer to refer the valuation issue to the Departmental Valuation Officer and reassess the case accordingly. The reopening of the assessment under Section 147 of the Income Tax Act was upheld as valid, while the levy of interest under Sections 234B and 234C was dismissed as infructuous pending reassessment. Case-Laws Income Tax Fri, 13 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342554