https://www.taxtmi.com/caselaws?id=66483 The Tribunal set aside the Commissioner's order under section 25(2) of the Wealth-tax Act for the assessment years 1979-80 to 1981-82. It held that the Commissioner's assumption of jurisdiction based on valuation disparities found during estate duty assessment proceedings was not valid. The Tribunal emphasized the importance of adhering to expert valuation reports and guidelines in assessments, ultimately ruling in favor of the assessee and highlighting the limitations on revising authorities in considering additional materials beyond existing records. en-us Fri, 17 Oct 1986 00:00:00 +0530 Thu, 24 Feb 2011 18:46:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66483 The Tribunal set aside the Commissioner's order under section 25(2) of the Wealth-tax Act for the assessment years 1979-80 to 1981-82. It held that the Commissioner's assumption of jurisdiction based on valuation disparities found during estate duty assessment proceedings was not valid. The Tribunal emphasized the importance of adhering to expert valuation reports and guidelines in assessments, ultimately ruling in favor of the assessee and highlighting the limitations on revising authorities in considering additional materials beyond existing records. Case-Laws Wealth-tax Fri, 17 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66483