https://www.taxtmi.com/caselaws?id=18801 Where the Wealth-tax Officer makes a reference to the Valuation Officer under section 16A(1) of the Wealth-tax Act, 1957, the valuation report obtained under section 16A(5) governs the assessment of the referred asset. The Wealth-tax Officer has no discretion to disregard that report when completing the assessment and must act in conformity with it. The text states that this position was applied consistently with the earlier decision on the same question, and the answer given was in favour of the Revenue. en-us Tue, 22 Aug 1995 00:00:00 +0530 Mon, 02 Nov 2009 11:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18801 Where the Wealth-tax Officer makes a reference to the Valuation Officer under section 16A(1) of the Wealth-tax Act, 1957, the valuation report obtained under section 16A(5) governs the assessment of the referred asset. The Wealth-tax Officer has no discretion to disregard that report when completing the assessment and must act in conformity with it. The text states that this position was applied consistently with the earlier decision on the same question, and the answer given was in favour of the Revenue. Case-Laws Wealth-tax Tue, 22 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18801