Law:

Section:

Section 147 of the Income-tax Act, 1961 - Income escaping assessment - Non-disclosure of primary facts - Whether opinion of District Valuation Officer (DVO) per se is not an information for purposes of reopening of an assessment under section 147; Assessing Officer has to apply his mind to information, if any, collected and must form a belief thereon - Held, yes R.P. Bhatt, H.R. Rao, A.K. Srivastava and B.V. Balaram Das for the Appellant. Ms. Binu Tamta for the Respondent. ORDER 1. Having examined the record, we find that in this case, the Department sought reopening of the assessment based on…

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