https://www.taxtmi.com/caselaws?id=5273 The Supreme Court held that the Revenue can invoke the proviso to subsection (1) of section 25 of the Wealth-tax Act, 1957, barring revision applications by an assessee before the Commissioner once an appeal is filed before the Appellate Tribunal. The valuation of shares based on capitalization of investment income was upheld, and revision applications were deemed infructuous due to the merger of orders between the Appellate Assistant Commissioner and the Appellate Tribunal. The Court emphasized withdrawing revision applications in case of simultaneous appeals and following proper legal procedures. The appeals were allowed, impugned orders set aside, and writ petitions dismissed. en-us Tue, 28 Mar 1989 00:00:00 +0530 Sat, 22 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5273 The Supreme Court held that the Revenue can invoke the proviso to subsection (1) of section 25 of the Wealth-tax Act, 1957, barring revision applications by an assessee before the Commissioner once an appeal is filed before the Appellate Tribunal. The valuation of shares based on capitalization of investment income was upheld, and revision applications were deemed infructuous due to the merger of orders between the Appellate Assistant Commissioner and the Appellate Tribunal. The Court emphasized withdrawing revision applications in case of simultaneous appeals and following proper legal procedures. The appeals were allowed, impugned orders set aside, and writ petitions dismissed. Case-Laws Wealth-tax Tue, 28 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5273