https://www.taxtmi.com/caselaws?id=67045 A completed wealth-tax assessment supported by an accepted valuer's report cannot be reopened merely because a later departmental valuation suggests higher value; reopening under Section 17 requires material showing escapement due to failure to disclose fully and truly all material facts, not a change of opinion. The text also states that Section 16A is an assessment provision and cannot be used after completion of assessment to obtain a valuation only to support reopening. A post-assessment reference for that purpose is outside jurisdiction, and completed assessments are not to be disturbed on that basis. en-us Tue, 29 Jun 1982 00:00:00 +0530 Tue, 08 Mar 2011 18:17:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67045 A completed wealth-tax assessment supported by an accepted valuer's report cannot be reopened merely because a later departmental valuation suggests higher value; reopening under Section 17 requires material showing escapement due to failure to disclose fully and truly all material facts, not a change of opinion. The text also states that Section 16A is an assessment provision and cannot be used after completion of assessment to obtain a valuation only to support reopening. A post-assessment reference for that purpose is outside jurisdiction, and completed assessments are not to be disturbed on that basis. Case-Laws Wealth-tax Tue, 29 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67045