https://www.taxtmi.com/caselaws?id=8280 The court held that the Tribunal had jurisdiction to recall its order under the Wealth-tax Act, 1957, as the order referring the matter to valuers was deemed infructuous when one party objected. The court emphasized that such orders are not final decisions affecting parties' rights. It clarified that finality under section 24(10) does not extend to interim orders, and section 24(5) grants wide powers to the Tribunal. Therefore, the Tribunal was within its authority to recall the order and decide the valuation dispute itself, ruling in favor of the assessee without costs due to their absence during proceedings. en-us Fri, 23 Apr 1971 00:00:00 +0530 Thu, 09 Apr 2009 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8280 The court held that the Tribunal had jurisdiction to recall its order under the Wealth-tax Act, 1957, as the order referring the matter to valuers was deemed infructuous when one party objected. The court emphasized that such orders are not final decisions affecting parties' rights. It clarified that finality under section 24(10) does not extend to interim orders, and section 24(5) grants wide powers to the Tribunal. Therefore, the Tribunal was within its authority to recall the order and decide the valuation dispute itself, ruling in favor of the assessee without costs due to their absence during proceedings. Case-Laws Wealth-tax Fri, 23 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8280