Dismissing the appeal of the revenue the Court held that, Reassessment on the basis of report of departmental Valuer is held to be bad in law ( AY. 1991-92).
CIT v. P. Nithilan. (2018) 403 ITR 154 (Mad) (HC)
S.147: Reassessment — Change of opinion-Un explained investment -Reasons not recorded -Reassessment on the basis of report of departmental Valuer is held to be bad in law . [ S.148 ]