https://www.taxtmi.com/caselaws?id=199441 Reopening of a completed wealth-tax assessment on valuation was not justified where the Tribunal had found no material to support reopening, and that factual finding was not interfered with. A valuation report obtained under Section 16A of the Wealth-tax Act could not, by itself, sustain reopening when valuation had already been determined on proper principles earlier. The challenge to reopening therefore failed, and the assessee succeeded on the valuation issue; the applications were rejected with no order as to costs. en-us Wed, 21 Jan 1987 00:00:00 +0530 Wed, 28 Feb 2018 16:31:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199441 Reopening of a completed wealth-tax assessment on valuation was not justified where the Tribunal had found no material to support reopening, and that factual finding was not interfered with. A valuation report obtained under Section 16A of the Wealth-tax Act could not, by itself, sustain reopening when valuation had already been determined on proper principles earlier. The challenge to reopening therefore failed, and the assessee succeeded on the valuation issue; the applications were rejected with no order as to costs. Case-Laws Wealth-tax Wed, 21 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199441