https://www.taxtmi.com/caselaws?id=28272 The court ruled in Civil Writ Petitions that the Assessing Officer could not reopen assessments solely based on a new valuation report indicating different construction costs without disputing original facts. The court emphasized the duty of the assessee to disclose primary facts relevant to assessment and held that a mere change of opinion from a new report was insufficient to reopen finalized assessments. The court found in favor of the petitioner, quashing the notices and ruling no costs to be paid by either party. en-us Thu, 10 Feb 1983 00:00:00 +0530 Sat, 20 Feb 2010 11:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28272 The court ruled in Civil Writ Petitions that the Assessing Officer could not reopen assessments solely based on a new valuation report indicating different construction costs without disputing original facts. The court emphasized the duty of the assessee to disclose primary facts relevant to assessment and held that a mere change of opinion from a new report was insufficient to reopen finalized assessments. The court found in favor of the petitioner, quashing the notices and ruling no costs to be paid by either party. Case-Laws Income Tax Thu, 10 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28272