https://www.taxtmi.com/caselaws?id=68773 The Tribunal recalled its order dated 9-11-2004, dismissing the Department's appeals, in light of the retrospective effect of section 142A of the Income-tax Act, 1961. The Tribunal held that the Assessing Officer's reference to the Departmental Valuation Officer under section 131(1) was validated by section 142A, allowing for estimation of property investment value. The Tribunal emphasized the procedural nature of section 142A, applying it retrospectively from 15-11-1972, and directed the appeals to be heard before the Bench following notification to both parties. en-us Thu, 29 Jun 2006 00:00:00 +0530 Fri, 01 Apr 2011 15:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68773 The Tribunal recalled its order dated 9-11-2004, dismissing the Department's appeals, in light of the retrospective effect of section 142A of the Income-tax Act, 1961. The Tribunal held that the Assessing Officer's reference to the Departmental Valuation Officer under section 131(1) was validated by section 142A, allowing for estimation of property investment value. The Tribunal emphasized the procedural nature of section 142A, applying it retrospectively from 15-11-1972, and directed the appeals to be heard before the Bench following notification to both parties. Case-Laws Income Tax Thu, 29 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68773