DVO opinion could not be regarded as information for the purpose of reopening an assessment U/s. 147

ACIT Vs Dhariya Construction Co. (Supreme Court)- The opinion of the DVO per se is not an information for the purposes of reopening assessment under section 147 of the Income-tax Act, 1961. The Assessing Officer has to apply his mind to the information, if any, collected and must form a belief thereon. 

Supreme Court of India

ACIT Vs Dhariya Construction Co.

Civil Appeal No. 9468 of 2003

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