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2012 (12) TMI 805 - AT - Income TaxReopening of Assessment – report of the DVO in respect of construction of the building by the assessee - Held that:- As decided in ACIT Vs. Dhariya Constructions Co. [2010 (2) TMI 612 - SUPREME COURT OF INDIA] mere opinion of the DVO in relation to the cost of construction of the building owned by the assessee, in the absence of any other information collected against the assessee is not an information and reopening of assessment by way of proceedings under section 147/148 are invalid and are hereby cancelled. Consequently, the assessment order passed under section 143(3) r.w.s. 147 in the present case is hereby cancelled - all the four appeals relating to assessment years 2001-02 to 2005-06 filed by the assessee are allowed - against revenue.
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