https://www.taxtmi.com/caselaws?id=176368 Under the Kerala Building Tax Act, 1975, the capital value of a building must be determined in accordance with the statutory scheme, with the assessing authority forming an opinion on relevant materials, giving the assessee an opportunity of being heard, and not mechanically adopting the figure stated in the return. A mistaken admission in the return is relevant but not conclusive, and the assessee may resile from it, including at the appellate stage, by showing that it was made under a mistake. An assessment based solely on such a mistaken return, without independent application of mind or disclosure of the basis of valuation, is inconsistent with Article 265 and is invalid. en-us Tue, 24 May 1994 00:00:00 +0530 Wed, 25 Mar 2026 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176368 Under the Kerala Building Tax Act, 1975, the capital value of a building must be determined in accordance with the statutory scheme, with the assessing authority forming an opinion on relevant materials, giving the assessee an opportunity of being heard, and not mechanically adopting the figure stated in the return. A mistaken admission in the return is relevant but not conclusive, and the assessee may resile from it, including at the appellate stage, by showing that it was made under a mistake. An assessment based solely on such a mistaken return, without independent application of mind or disclosure of the basis of valuation, is inconsistent with Article 265 and is invalid. Case-Laws Income Tax Tue, 24 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176368