https://www.taxtmi.com/caselaws?id=6067 The Supreme Court identified three questions of law under the Wealth-tax Act, 1957 concerning reference to the Valuation Officer, the binding effect of a valuation report under section 16A(6), and whether non-acceptance of that report could render an assessment erroneous and prejudicial to the Revenue. It did not decide those issues on merits; instead, it directed the Tribunal to state a case and refer the questions to the High Court for determination. The focus was on the statutory source of the reference, the legal effect of the report, and the consequences for assessment validity. en-us Thu, 09 Aug 2001 00:00:00 +0530 Mon, 01 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6067 The Supreme Court identified three questions of law under the Wealth-tax Act, 1957 concerning reference to the Valuation Officer, the binding effect of a valuation report under section 16A(6), and whether non-acceptance of that report could render an assessment erroneous and prejudicial to the Revenue. It did not decide those issues on merits; instead, it directed the Tribunal to state a case and refer the questions to the High Court for determination. The focus was on the statutory source of the reference, the legal effect of the report, and the consequences for assessment validity. Case-Laws Wealth-tax Thu, 09 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6067