https://www.taxtmi.com/caselaws?id=65367 The Tribunal upheld the validity of reassessment proceedings under Section 17 of the Wealth Tax Act based on new material information. The method of valuation of unquoted equity shares, including the separate valuation of the trading ticket, was deemed appropriate. The appeals were partly allowed for statistical purposes, with directions for the Assessing Officer to reconsider certain aspects such as the charging of interest under Section 17(B) in accordance with the law after providing the assessee an opportunity to be heard. en-us Fri, 18 Jun 2004 00:00:00 +0530 Tue, 15 Feb 2011 12:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65367 The Tribunal upheld the validity of reassessment proceedings under Section 17 of the Wealth Tax Act based on new material information. The method of valuation of unquoted equity shares, including the separate valuation of the trading ticket, was deemed appropriate. The appeals were partly allowed for statistical purposes, with directions for the Assessing Officer to reconsider certain aspects such as the charging of interest under Section 17(B) in accordance with the law after providing the assessee an opportunity to be heard. Case-Laws Wealth-tax Fri, 18 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65367