https://www.taxtmi.com/caselaws?id=415074 The Tribunal quashed the reassessment proceedings, citing precedents and legal provisions, and allowed the appeal filed by the assessee. The decision focused on the validity of reopening the assessment under Section 147, the justification of the addition based on the District Valuation Officer's report, the maintainability of the reassessment proceedings, and the reliance on the DVO's report for reopening the assessment. en-us Thu, 30 Sep 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415074 The Tribunal quashed the reassessment proceedings, citing precedents and legal provisions, and allowed the appeal filed by the assessee. The decision focused on the validity of reopening the assessment under Section 147, the justification of the addition based on the District Valuation Officer's report, the maintainability of the reassessment proceedings, and the reliance on the DVO's report for reopening the assessment. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415074