https://www.taxtmi.com/caselaws?id=66525 The Tribunal dismissed the assessee's appeals regarding the valuation of her interest in a firm, treatment of credit balance, and allowance of additional tax liabilities as deductions for the assessment year 1978-79. The Tribunal held that the valuation issue could not be raised in the appeal as it was not contested during the original assessment, and similar limitations applied to the credit balance and tax liabilities issues. The Tribunal emphasized that reassessment proceedings should not allow matters concluded in the original assessment to be re-agitated, leading to the dismissal of the appeals. en-us Mon, 09 Apr 1990 00:00:00 +0530 Sat, 26 Feb 2011 13:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66525 The Tribunal dismissed the assessee's appeals regarding the valuation of her interest in a firm, treatment of credit balance, and allowance of additional tax liabilities as deductions for the assessment year 1978-79. The Tribunal held that the valuation issue could not be raised in the appeal as it was not contested during the original assessment, and similar limitations applied to the credit balance and tax liabilities issues. The Tribunal emphasized that reassessment proceedings should not allow matters concluded in the original assessment to be re-agitated, leading to the dismissal of the appeals. Case-Laws Wealth-tax Mon, 09 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66525