https://www.taxtmi.com/caselaws?id=372207 The Tribunal set aside the assessment order due to the lack of reasons for reopening, rendering it jurisdictionally flawed. The appeal was partially allowed on this basis. The valuation issues regarding land and reliance on an independent report were dismissed as the appellant failed to provide arguments. The Tribunal emphasized the importance of providing reasons for reopening assessments, following the Supreme Court's directions, and held that the absence of such reasons makes reassessment orders unsustainable. en-us Wed, 14 Nov 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:18:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372207 The Tribunal set aside the assessment order due to the lack of reasons for reopening, rendering it jurisdictionally flawed. The appeal was partially allowed on this basis. The valuation issues regarding land and reliance on an independent report were dismissed as the appellant failed to provide arguments. The Tribunal emphasized the importance of providing reasons for reopening assessments, following the Supreme Court's directions, and held that the absence of such reasons makes reassessment orders unsustainable. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372207