https://www.taxtmi.com/caselaws?id=188712 The appeal involved disputes over the assessment of total income, objections, penalty proceedings, and valuation discrepancies. The Tribunal ruled in favor of the assessee, holding the reference to the Valuation Officer as illegal. The court examined the Assessing Officer's power to seek a report from the Valuation Officer and interpreted relevant provisions. It was clarified that the Assessing Officer's authority is limited by statutory provisions. The court found no substantial legal questions, leading to the dismissal of the appeal with each party bearing their costs. en-us Thu, 05 May 2005 00:00:00 +0530 Wed, 14 Dec 2016 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188712 The appeal involved disputes over the assessment of total income, objections, penalty proceedings, and valuation discrepancies. The Tribunal ruled in favor of the assessee, holding the reference to the Valuation Officer as illegal. The court examined the Assessing Officer's power to seek a report from the Valuation Officer and interpreted relevant provisions. It was clarified that the Assessing Officer's authority is limited by statutory provisions. The court found no substantial legal questions, leading to the dismissal of the appeal with each party bearing their costs. Case-Laws Income Tax Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188712