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2013 (1) TMI 564 - HC - Income TaxUndisclosed investment - Construction of property - Escaped assessment - Whether reopening of assessment on the basis of report from District Valuation Officer u/s 147 as valid, whereas books of account produced by the assessee were never rejected - Unexplained cost of construction – Held that:- Following the decision in case of Sargam Cinema (2009 (10) TMI 569 - SUPREME COURT OF INDIA) that the assessing authority could not have referred the matter to the DVO when there was no rejection of books of account maintained by the assessee. In favour of assessee
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