https://www.taxtmi.com/caselaws?id=67228 A valuation report submitted under section 16A(5) becomes final for that exercise, and the Valuation Officer is functus officio once it is issued. Any later correction is confined to rectification of a mistake apparent from the record by the authority that made the original valuation; it cannot be reopened or revised on directions from a superior administrative authority. Directions altering valuation methodology or deductions amount to an impermissible review, not rectification. On the stated facts, the later valuation reports prepared under such directions were invalid, and the original valuation report remained the only lawful report for the wealth-tax assessments. en-us Sun, 27 Nov 1983 00:00:00 +0530 Wed, 09 Mar 2011 16:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67228 A valuation report submitted under section 16A(5) becomes final for that exercise, and the Valuation Officer is functus officio once it is issued. Any later correction is confined to rectification of a mistake apparent from the record by the authority that made the original valuation; it cannot be reopened or revised on directions from a superior administrative authority. Directions altering valuation methodology or deductions amount to an impermissible review, not rectification. On the stated facts, the later valuation reports prepared under such directions were invalid, and the original valuation report remained the only lawful report for the wealth-tax assessments. Case-Laws Wealth-tax Sun, 27 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67228