https://www.taxtmi.com/caselaws?id=15664 The High Court of Madras upheld the validity of the valuation report and assessment process for a shopping complex under construction, affirming the Valuation Officer's actions in utilizing multiple valuation methods and adhering to Wealth-tax Act procedures. Despite delays in obtaining the valuation report, the court ruled that the assessment could proceed based on estimates and clarified that the report could be considered part of the assessment record. The judgment emphasized compliance with statutory procedures, flexibility in valuation methods, and affirmed the Valuation Officer's jurisdiction in conducting assessments. en-us Thu, 10 Sep 1998 00:00:00 +0530 Wed, 26 Aug 2009 17:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15664 The High Court of Madras upheld the validity of the valuation report and assessment process for a shopping complex under construction, affirming the Valuation Officer's actions in utilizing multiple valuation methods and adhering to Wealth-tax Act procedures. Despite delays in obtaining the valuation report, the court ruled that the assessment could proceed based on estimates and clarified that the report could be considered part of the assessment record. The judgment emphasized compliance with statutory procedures, flexibility in valuation methods, and affirmed the Valuation Officer's jurisdiction in conducting assessments. Case-Laws Wealth-tax Thu, 10 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15664