https://www.taxtmi.com/caselaws?id=242193 The court ruled in favor of the appellant, setting aside the challenged order. It emphasized the importance of adhering to statutory valuation methods, recognized the procedural correctness in filing valuation reports, and stressed the necessity of obtaining requisite approvals for penalty imposition. The judgment reinforces procedural safeguards and statutory requirements in penalty imposition under the Wealth Tax Act. en-us Mon, 30 Sep 2013 00:00:00 +0530 Thu, 09 Jan 2014 09:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242193 The court ruled in favor of the appellant, setting aside the challenged order. It emphasized the importance of adhering to statutory valuation methods, recognized the procedural correctness in filing valuation reports, and stressed the necessity of obtaining requisite approvals for penalty imposition. The judgment reinforces procedural safeguards and statutory requirements in penalty imposition under the Wealth Tax Act. Case-Laws Wealth-tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242193