https://www.taxtmi.com/caselaws?id=10019 The court held that the assessment based on the revised return was valid, contrary to the Tribunal's view. It clarified that the intimation under section 143(1)(a) is not an assessment but a notice of demand. The court found the revised return valid under section 139(5) and deemed the assessment made on it valid. Regarding the jurisdiction of the Assessing Officer to rely on the District Valuation Officer's report, the court held the reference valid under section 142A, clarifying it applied retrospectively. The Assessing Officer had jurisdiction to make the reference, and the matter was remitted for a fresh assessment. en-us Thu, 13 Apr 2006 00:00:00 +0530 Sun, 05 Jul 2009 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10019 The court held that the assessment based on the revised return was valid, contrary to the Tribunal's view. It clarified that the intimation under section 143(1)(a) is not an assessment but a notice of demand. The court found the revised return valid under section 139(5) and deemed the assessment made on it valid. Regarding the jurisdiction of the Assessing Officer to rely on the District Valuation Officer's report, the court held the reference valid under section 142A, clarifying it applied retrospectively. The Assessing Officer had jurisdiction to make the reference, and the matter was remitted for a fresh assessment. Case-Laws Income Tax Thu, 13 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10019