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2006 (7) TMI 200 - HC - Income TaxReference to Valuation office u/s 142A – issue of notice for reassessment u/s 148 – Held that - opening part of section 142A the words used are “for the purposes of making an assessment or reassessment under the Act”. The intent of the legislation is that the matter can be referred to the Valuation Officer only when the proceedings of assessment or reassessment are pending before the Assessing Officer. When no such proceedings are pending, the Assessing Officer has no jurisdiction to refer any property for assessment - When the notice under section 148 has been issued and addition has been made by adopting the value estimated by the Valuation Officer and when we found that the Assessing Officer is not empowered to refer any property for valuation in a case where no assessment proceedings or reassessment proceedings of the assessee is pending before him, we see no justification to make any addition in such cases
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