https://www.taxtmi.com/caselaws?id=70601 The Tribunal upheld the Commissioner's decision, dismissing the appeal and directing a revaluation of the shares for wealth tax assessment in accordance with the law. The Commissioner found the valuation adopted by the assessee to be prejudicial to the interest of revenue and directed the Wealth Tax Officer to revalue the shares. The Tribunal agreed that the Commissioner had valid jurisdiction to order the revaluation, emphasizing the importance of considering market value and applicable rules in the valuation process. en-us Tue, 24 Jul 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70601 The Tribunal upheld the Commissioner's decision, dismissing the appeal and directing a revaluation of the shares for wealth tax assessment in accordance with the law. The Commissioner found the valuation adopted by the assessee to be prejudicial to the interest of revenue and directed the Wealth Tax Officer to revalue the shares. The Tribunal agreed that the Commissioner had valid jurisdiction to order the revaluation, emphasizing the importance of considering market value and applicable rules in the valuation process. Case-Laws Wealth-tax Tue, 24 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70601