https://www.taxtmi.com/caselaws?id=467958 A wrong citation in an income-tax notice does not invalidate the proceeding where the action is otherwise authorised by law, because section 292B cures defects, mistakes and omissions. Section 142A permits reference to a valuation officer for assessment or reassessment purposes without any mandatory prior formal rejection of the books of account, though the assessing officer must have a basis to question the valuation offered by the assessee. A writ challenge to such an initial valuation step is premature when no final reassessment decision has yet been made and statutory remedies remain available. en-us Wed, 20 Jun 2012 00:00:00 +0530 Fri, 10 Apr 2026 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467958 A wrong citation in an income-tax notice does not invalidate the proceeding where the action is otherwise authorised by law, because section 292B cures defects, mistakes and omissions. Section 142A permits reference to a valuation officer for assessment or reassessment purposes without any mandatory prior formal rejection of the books of account, though the assessing officer must have a basis to question the valuation offered by the assessee. A writ challenge to such an initial valuation step is premature when no final reassessment decision has yet been made and statutory remedies remain available. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467958