https://www.taxtmi.com/caselaws?id=69844 The ITAT found in favor of the assessee, setting aside the CWT's order that directed the WTO to redo assessments for the years 1977-78 and 1978-79. The ITAT determined that the CWT lacked jurisdiction in using values fixed by the Valuation Cell after the original assessments were completed. It concluded that the original assessments were not legally incorrect and did not cause prejudice to revenue. As a result, the ITAT allowed the appeals by the assessee, setting aside the assessments and restoring the original assessment orders for the two years. en-us Thu, 11 Oct 1984 00:00:00 +0530 Tue, 12 Apr 2011 13:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69844 The ITAT found in favor of the assessee, setting aside the CWT's order that directed the WTO to redo assessments for the years 1977-78 and 1978-79. The ITAT determined that the CWT lacked jurisdiction in using values fixed by the Valuation Cell after the original assessments were completed. It concluded that the original assessments were not legally incorrect and did not cause prejudice to revenue. As a result, the ITAT allowed the appeals by the assessee, setting aside the assessments and restoring the original assessment orders for the two years. Case-Laws Wealth-tax Thu, 11 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69844