2018 (10) TMI 1355

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....ORDER (PER : HONOURABLE MR.JUSTICE AKIL KURESHI) 1. Petitioner has challenged the notice of reopening of assessment for the assessment year 2011-12. Brief facts may be necessary. 2. Petitioner is an individual. For the assessment year 2011-12, the petitioner had filed return of income which was taken in scrutiny. Order of assessment under Section 143(3) of the Act was passed on 15.5.2017. To ....

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....berty granted the Assessing Officer had made a reference to the Department of Valuation Officer ('DVO' for short) regarding the valuation of the properties in question. The DVO has given his report on 18.9.2018, copy of which is tendered on record. This report confirms the valuation of the property at par with the sale consideration disclosing the sale deeds. In other words, counsel for th....