https://www.taxtmi.com/caselaws?id=67533 The Tribunal found that the Assessing Officer's order was not erroneous or prejudicial to revenue interests. It upheld the assessee's arguments, overturning the Commissioner of Gift-tax's decision. The Tribunal emphasized the mandatory nature of valuation rules under the Acts and rejected the Commissioner's contention of impracticability in applying the rules. The appeal of the assessee was allowed, and the Commissioner's order was quashed. en-us Thu, 18 Jan 1996 00:00:00 +0530 Fri, 11 Mar 2011 11:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67533 The Tribunal found that the Assessing Officer's order was not erroneous or prejudicial to revenue interests. It upheld the assessee's arguments, overturning the Commissioner of Gift-tax's decision. The Tribunal emphasized the mandatory nature of valuation rules under the Acts and rejected the Commissioner's contention of impracticability in applying the rules. The appeal of the assessee was allowed, and the Commissioner's order was quashed. Case-Laws Income Tax Thu, 18 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67533