https://www.taxtmi.com/caselaws?id=16030 The court upheld the validity of the reference made by the Wealth-tax Officer to the District Valuation Officer for property valuation. It ruled that Schedule III of the Wealth-tax Act applied to pending assessments and should have been followed by the District Valuation Officer. The court found the method of valuation adopted by the Officer to be incorrect and not in line with statutory provisions. Despite allegations of violating natural justice principles, the court determined that the petitioners had adequate opportunities to present their case. As a result, the writ petitions were allowed, the impugned orders were quashed, and a new valuation order was directed to be issued in compliance with the law. en-us Tue, 08 Sep 1998 00:00:00 +0530 Mon, 31 Aug 2009 15:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16030 The court upheld the validity of the reference made by the Wealth-tax Officer to the District Valuation Officer for property valuation. It ruled that Schedule III of the Wealth-tax Act applied to pending assessments and should have been followed by the District Valuation Officer. The court found the method of valuation adopted by the Officer to be incorrect and not in line with statutory provisions. Despite allegations of violating natural justice principles, the court determined that the petitioners had adequate opportunities to present their case. As a result, the writ petitions were allowed, the impugned orders were quashed, and a new valuation order was directed to be issued in compliance with the law. Case-Laws Wealth-tax Tue, 08 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16030