https://www.taxtmi.com/caselaws?id=34339 The Tribunal held that the Assessing Officer lacks jurisdiction to refer property for valuation when assessment proceedings are not pending. Notices issued under section 148 after the due date of filing return without pending assessment or reassessment proceedings were deemed invalid. The Tribunal emphasized that valuation can only occur when assessment or reassessment proceedings are ongoing, dismissing the appeals and quashing the notices and assessments. This decision clarifies the limitations on the Assessing Officer's authority in such cases, ensuring compliance with legal requirements for assessment and reassessment processes. en-us Wed, 12 Jul 2006 00:00:00 +0530 Tue, 18 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34339 The Tribunal held that the Assessing Officer lacks jurisdiction to refer property for valuation when assessment proceedings are not pending. Notices issued under section 148 after the due date of filing return without pending assessment or reassessment proceedings were deemed invalid. The Tribunal emphasized that valuation can only occur when assessment or reassessment proceedings are ongoing, dismissing the appeals and quashing the notices and assessments. This decision clarifies the limitations on the Assessing Officer's authority in such cases, ensuring compliance with legal requirements for assessment and reassessment processes. Case-Laws Income Tax Wed, 12 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34339