https://www.taxtmi.com/caselaws?id=288058 The Tribunal allowed the appeals for Assessment Years 2004-05 to 2008-09, quashing the reopening of assessments due to lack of independent corroborative evidence beyond the Department Valuation Officer's report. For Assessment Year 2009-10, the appeal was allowed for statistical purposes, with instructions for the Assessing Officer to conduct a proper inquiry regarding additions made on the sale of gold and insurance credits. The Tribunal emphasized the importance of independent evidence for reopening assessments and the necessity of proper inquiries for additions in assessments. en-us Wed, 31 Aug 2016 00:00:00 +0530 Sat, 16 May 2020 10:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288058 The Tribunal allowed the appeals for Assessment Years 2004-05 to 2008-09, quashing the reopening of assessments due to lack of independent corroborative evidence beyond the Department Valuation Officer's report. For Assessment Year 2009-10, the appeal was allowed for statistical purposes, with instructions for the Assessing Officer to conduct a proper inquiry regarding additions made on the sale of gold and insurance credits. The Tribunal emphasized the importance of independent evidence for reopening assessments and the necessity of proper inquiries for additions in assessments. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288058