https://www.taxtmi.com/caselaws?id=60535 The Tribunal allowed the assessee's appeals, finding that the Assessing Officer lacked prima facie material to reopen the assessments based on alleged suppression of sales. The Tribunal held that the reasons for reopening were not legally sustainable, as there was no direct nexus between the Departmental Valuer's report and the alleged suppression of sales. Consequently, the appeals succeeded on the basis that the Revenue lacked sufficient evidence to justify reopening the assessments. en-us Fri, 27 Apr 2001 00:00:00 +0530 Wed, 05 Jan 2011 18:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60535 The Tribunal allowed the assessee's appeals, finding that the Assessing Officer lacked prima facie material to reopen the assessments based on alleged suppression of sales. The Tribunal held that the reasons for reopening were not legally sustainable, as there was no direct nexus between the Departmental Valuer's report and the alleged suppression of sales. Consequently, the appeals succeeded on the basis that the Revenue lacked sufficient evidence to justify reopening the assessments. Case-Laws Income Tax Fri, 27 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60535