https://www.taxtmi.com/caselaws?id=183546 The High Court held that the Assessing Officer (AO) had jurisdiction to refer the matter to the Valuation Officer for property valuation under Section 142A of the Income Tax Act, introduced retrospectively from 1972. The Tribunal's decision, based on a previous Supreme Court ruling, was overturned as it failed to consider the implications of Section 142A. The High Court emphasized compliance with Section 142A and directed the Tribunal to reconsider the case in line with both Section 142A and the relevant Supreme Court precedent. en-us Thu, 23 Feb 2006 00:00:00 +0530 Mon, 13 Jun 2016 18:40:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183546 The High Court held that the Assessing Officer (AO) had jurisdiction to refer the matter to the Valuation Officer for property valuation under Section 142A of the Income Tax Act, introduced retrospectively from 1972. The Tribunal's decision, based on a previous Supreme Court ruling, was overturned as it failed to consider the implications of Section 142A. The High Court emphasized compliance with Section 142A and directed the Tribunal to reconsider the case in line with both Section 142A and the relevant Supreme Court precedent. Case-Laws Income Tax Thu, 23 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183546