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2010 (9) TMI 59 - HC - Income TaxNotice u/s 148 - reopening reassessment proceedings after receiving the report of the DVO - as per the report investment made int eh construction of property was shown less - Held that: - reference was made as on 27-3-1998 - assessment u/s 143(3) was completed for AY 1994-95 as on 18-3-1997 therefore notice u/s 148 was rightly quashed by tribunal - But assessment for 1995-96 was completed as on 25-3-1998 and reference was made as on 27-1-1998 therefore, order of ITAT for the AY 1995-96 set aside and remanded back.
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