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2006 (1) TMI 128 - RAJASTHAN HIGH COURTAssessment sought to be reopened on ground of underdisclosure of investment in construction of the house - only basis for reopening the assessment for the assessment years 1993-94 to 1996-97 was the report of the Valuation Officer - since the entire construction was not made in 1998, the BSR rates of 1998 cannot form the basis - no material on the basis of which the AO could have reason to believe that income has escaped assessment – reassessment proceedings not valid
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