https://www.taxtmi.com/caselaws?id=10058 The High Court upheld the Commissioner's power to consider subsequent valuation reports under section 25 of the Wealth-tax Act, ruling in favor of the Revenue and against the assessee. The Court emphasized the broad revisional power of the Commissioner to examine new materials not available during the original assessment, as established by Supreme Court precedents. The judgment underscores the importance of comprehensive consideration of all relevant materials in assessment revisions under the Wealth-tax Act. en-us Mon, 02 Aug 2004 00:00:00 +0530 Mon, 06 Jul 2009 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10058 The High Court upheld the Commissioner's power to consider subsequent valuation reports under section 25 of the Wealth-tax Act, ruling in favor of the Revenue and against the assessee. The Court emphasized the broad revisional power of the Commissioner to examine new materials not available during the original assessment, as established by Supreme Court precedents. The judgment underscores the importance of comprehensive consideration of all relevant materials in assessment revisions under the Wealth-tax Act. Case-Laws Wealth-tax Mon, 02 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10058