https://www.taxtmi.com/caselaws?id=15142 The High Court of CALCUTTA, in a judgment by Y. R. MEENA J., clarified that the Commissioner of Wealth-tax could consider valuation reports, even if not part of the original assessment record, for revising assessment orders under section 25 of the Wealth-tax Act, 1957. The Court determined that the definition of "record" for revision purposes extended to any material available to the Commissioner during the revision process, providing broader authority to include additional materials like valuation reports. This decision established the Commissioner's discretion to utilize such reports in revising assessment orders. en-us Thu, 06 Apr 2000 00:00:00 +0530 Mon, 03 Aug 2009 12:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15142 The High Court of CALCUTTA, in a judgment by Y. R. MEENA J., clarified that the Commissioner of Wealth-tax could consider valuation reports, even if not part of the original assessment record, for revising assessment orders under section 25 of the Wealth-tax Act, 1957. The Court determined that the definition of "record" for revision purposes extended to any material available to the Commissioner during the revision process, providing broader authority to include additional materials like valuation reports. This decision established the Commissioner's discretion to utilize such reports in revising assessment orders. Case-Laws Wealth-tax Thu, 06 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15142