https://www.taxtmi.com/caselaws?id=62015 The Tribunal held that the reopening of assessments for certain years was not valid as the valuation report obtained through an invalid reference did not constitute valid information. The Tribunal also adjusted the valuation of godowns owned by the firm, including aspects such as collection charges, insurance, repairs, and capitalization rate. Additionally, the Tribunal allowed the deduction claimed by the assessee under section 5(1)(iv) for godowns, following precedent. Ultimately, the appeal by the assessee was allowed in full, while some appeals by the department were dismissed, and others were allowed in part. en-us Fri, 24 Feb 1984 00:00:00 +0530 Sun, 08 May 2011 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62015 The Tribunal held that the reopening of assessments for certain years was not valid as the valuation report obtained through an invalid reference did not constitute valid information. The Tribunal also adjusted the valuation of godowns owned by the firm, including aspects such as collection charges, insurance, repairs, and capitalization rate. Additionally, the Tribunal allowed the deduction claimed by the assessee under section 5(1)(iv) for godowns, following precedent. Ultimately, the appeal by the assessee was allowed in full, while some appeals by the department were dismissed, and others were allowed in part. Case-Laws Wealth-tax Fri, 24 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62015