https://www.taxtmi.com/caselaws?id=11022 A concluded assessment cannot be reopened under section 148 of the Income-tax Act, 1961 on the basis of a valuation report obtained otherwise than in accordance with section 55A. The Assessing Officer's authority to seek valuation is limited to the situations expressly permitted by section 55A, and the general enquiry powers under sections 131(1), 133(6) and 142(2) do not extend to a reference to a Valuation Officer for reopening purposes. On that basis, the reassessment notices were held to be without jurisdiction and were quashed. en-us Mon, 01 Mar 2004 00:00:00 +0530 Wed, 29 Jul 2009 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11022 A concluded assessment cannot be reopened under section 148 of the Income-tax Act, 1961 on the basis of a valuation report obtained otherwise than in accordance with section 55A. The Assessing Officer's authority to seek valuation is limited to the situations expressly permitted by section 55A, and the general enquiry powers under sections 131(1), 133(6) and 142(2) do not extend to a reference to a Valuation Officer for reopening purposes. On that basis, the reassessment notices were held to be without jurisdiction and were quashed. Case-Laws Income Tax Mon, 01 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11022