https://www.taxtmi.com/caselaws?id=274165 The court allowed the petition, quashing the notice issued under Section 148 and the order of rejection of objections. The court ruled that the reopening of the assessment was impermissible due to a mere change of opinion by the Assessing Officer and reliance on the District Valuation Officer's report without rejecting the books of accounts. The court emphasized the necessity for tangible material and adherence to the legal requirement of rejecting the books of accounts before referring to the DVO's report. en-us Mon, 19 Sep 2016 00:00:00 +0530 Tue, 31 Jul 2018 21:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274165 The court allowed the petition, quashing the notice issued under Section 148 and the order of rejection of objections. The court ruled that the reopening of the assessment was impermissible due to a mere change of opinion by the Assessing Officer and reliance on the District Valuation Officer's report without rejecting the books of accounts. The court emphasized the necessity for tangible material and adherence to the legal requirement of rejecting the books of accounts before referring to the DVO's report. Case-Laws Income Tax Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274165