https://www.taxtmi.com/caselaws?id=19640 The court quashed the reference made by the Wealth-tax Officer to the District Valuation Officer and set aside further proceedings related to revaluation. The Commissioner's order was based on an incorrect exemption, leading to a reassessment directive. The court upheld that the Wealth-tax Officer was only required to reassess based on disputed assets without a new valuation reference. The Tribunal's rejection of appeals and subsequent actions were deemed unnecessary, and the Wealth-tax Officer was directed to proceed with the assessment considering only the disputed assets. The petition was allowed with no costs imposed on the petitioner. en-us Wed, 27 Oct 1993 00:00:00 +0530 Sat, 07 Nov 2009 16:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19640 The court quashed the reference made by the Wealth-tax Officer to the District Valuation Officer and set aside further proceedings related to revaluation. The Commissioner's order was based on an incorrect exemption, leading to a reassessment directive. The court upheld that the Wealth-tax Officer was only required to reassess based on disputed assets without a new valuation reference. The Tribunal's rejection of appeals and subsequent actions were deemed unnecessary, and the Wealth-tax Officer was directed to proceed with the assessment considering only the disputed assets. The petition was allowed with no costs imposed on the petitioner. Case-Laws Wealth-tax Wed, 27 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19640