Dismissing the petitions, that the Assessing Officer had analysed the voluminous material collected by the Revenue during the search operations in connection with Venus  group. This material prima facie suggested huge cash transactions in connection with sale of lands against the total declared sale consideration of Rs. 8.21 crores. The material prima facie suggested that total cash transactions of Rs. 33.24 crores had taken place. Since the original return filed by the assessee was accepted without scrutiny, the material at the command of the Assessing Officer was sufficient to permit the process of reopening. The notice was valid. ( AY.2010-11)