https://www.taxtmi.com/caselaws?id=10143 The High Court upheld the Income-tax Appellate Tribunal's decision to quash proceedings under section 147 of the Income-tax Act, 1961 based solely on the report of the Valuation Officer. It found that the Departmental Valuation Officer's report was invalid for determining construction costs, leading to the dismissal of appeals challenging the sustainability of notices based on such reports. The court emphasized that no substantial question of law arose, aligning with previous decisions on the matter. en-us Mon, 09 Aug 2004 00:00:00 +0530 Wed, 08 Jul 2009 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10143 The High Court upheld the Income-tax Appellate Tribunal's decision to quash proceedings under section 147 of the Income-tax Act, 1961 based solely on the report of the Valuation Officer. It found that the Departmental Valuation Officer's report was invalid for determining construction costs, leading to the dismissal of appeals challenging the sustainability of notices based on such reports. The court emphasized that no substantial question of law arose, aligning with previous decisions on the matter. Case-Laws Income Tax Mon, 09 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10143