2010 (9) TMI 59

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....KRI, J. (oral) 1. These two appeals pertain to the assessment years 1994-95 and 1995-96. In respect of both these assessment years, the Assessing Officer has issued notice under Section 148 of the Act and reopened the reassessment proceedings after receiving the report of the DVO as per which the investments made by the assessee in the construction of property No. 29, Sector 15A, NOIDA was show....

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....1998 whereas reference to DVO was made before that i.e. 27th March, 1998. It is clear therefrom that on the aforesaid premise, the notice under Section 148 of the Act in respect of assessment year 1994-05 only could be set aside. 2. Thus, in so far as ITA 1148/2009 is concerned, which pertains to the assessment year 1994-95 is hereby dismissed. 3. As far as ITA 1135/2009 for the assessment y....