https://www.taxtmi.com/caselaws?id=8924 A revisional power under section 33A(2) of the Indian Income-tax Act, 1922, though judicial in nature, did not require a mandatory oral hearing where the statute and rules allowed decision on the written revision material alone; the challenge on that ground failed because no prejudice was shown. A valuation plea that the surplus should be taken at market value on the date of partial partition could not be raised for the first time before the High Court, since it had not been urged before the income-tax authorities below; that ground also failed. The assessment challenge was rejected in full. en-us Thu, 26 Oct 1972 00:00:00 +0530 Wed, 17 Jun 2009 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8924 A revisional power under section 33A(2) of the Indian Income-tax Act, 1922, though judicial in nature, did not require a mandatory oral hearing where the statute and rules allowed decision on the written revision material alone; the challenge on that ground failed because no prejudice was shown. A valuation plea that the surplus should be taken at market value on the date of partial partition could not be raised for the first time before the High Court, since it had not been urged before the income-tax authorities below; that ground also failed. The assessment challenge was rejected in full. Case-Laws Income Tax Thu, 26 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8924