https://www.taxtmi.com/caselaws?id=71864 A rectification order under the Wealth-tax Act was upheld because service of notice and opportunity to reply were shown, so breach of natural justice was not established. The order was also sustained despite an incorrect pre-typed designation in the signature block, as the defect was treated as technical and not a jurisdictional nullity under the curative principle. On valuation, unquoted shares had to be valued with reference to the balance sheet drawn up on the valuation date under Schedule III, even if finalised later; the earlier balance sheet could not be substituted merely because the return was filed before finalisation. The assessee's challenge failed in full. en-us Mon, 17 May 2004 00:00:00 +0530 Wed, 27 Apr 2011 15:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71864 A rectification order under the Wealth-tax Act was upheld because service of notice and opportunity to reply were shown, so breach of natural justice was not established. The order was also sustained despite an incorrect pre-typed designation in the signature block, as the defect was treated as technical and not a jurisdictional nullity under the curative principle. On valuation, unquoted shares had to be valued with reference to the balance sheet drawn up on the valuation date under Schedule III, even if finalised later; the earlier balance sheet could not be substituted merely because the return was filed before finalisation. The assessee's challenge failed in full. Case-Laws Wealth-tax Mon, 17 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71864