https://www.taxtmi.com/caselaws?id=188350 Under section 7(1) of the Wealth-tax Act, 1957, the Assessing Officer could not estimate the market value of property above the value declared by the assessee without first making a reference to the Valuation Officer under section 16A. The Delhi High Court followed its earlier ruling on the same interaction between valuation powers and the reference mechanism, and held that the impugned course was not justified. The further question was treated as merely consequential and did not require separate adjudication. en-us Thu, 06 Jul 2000 00:00:00 +0530 Sat, 26 Nov 2016 13:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188350 Under section 7(1) of the Wealth-tax Act, 1957, the Assessing Officer could not estimate the market value of property above the value declared by the assessee without first making a reference to the Valuation Officer under section 16A. The Delhi High Court followed its earlier ruling on the same interaction between valuation powers and the reference mechanism, and held that the impugned course was not justified. The further question was treated as merely consequential and did not require separate adjudication. Case-Laws Wealth-tax Thu, 06 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188350