https://www.taxtmi.com/caselaws?id=57709 The Tribunal upheld the AAC's decision, dismissing the revenue's appeals regarding the reopening of assessments for the assessee. It was determined that the valuation report used to justify the reassessments did not constitute definitive information for reopening assessments. The Tribunal concluded that the reassessment based on the later valuation report was a change of opinion by the assessing officer rather than a case of wealth escaped assessment or under-assessment. en-us Tue, 26 May 1981 00:00:00 +0530 Mon, 13 Dec 2010 11:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57709 The Tribunal upheld the AAC's decision, dismissing the revenue's appeals regarding the reopening of assessments for the assessee. It was determined that the valuation report used to justify the reassessments did not constitute definitive information for reopening assessments. The Tribunal concluded that the reassessment based on the later valuation report was a change of opinion by the assessing officer rather than a case of wealth escaped assessment or under-assessment. Case-Laws Wealth-tax Tue, 26 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57709