https://www.taxtmi.com/caselaws?id=286830 The High Court upheld the Tribunal's decision to not permit the assessee to contest the valuation method of shares as the Appellate Assistant Commissioner's order had attained finality and could not be challenged in subsequent proceedings. The court affirmed that the AAC's order directing the valuation of shares was conclusive since no appeal was filed against it within the prescribed timeframe. The assessee's right to appeal against a fresh assessment was subject to the binding nature of the earlier order, leading to the dismissal of the appeal and the assessee being directed to pay costs. en-us Fri, 20 Mar 1964 00:00:00 +0530 Tue, 17 Mar 2020 14:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286830 The High Court upheld the Tribunal's decision to not permit the assessee to contest the valuation method of shares as the Appellate Assistant Commissioner's order had attained finality and could not be challenged in subsequent proceedings. The court affirmed that the AAC's order directing the valuation of shares was conclusive since no appeal was filed against it within the prescribed timeframe. The assessee's right to appeal against a fresh assessment was subject to the binding nature of the earlier order, leading to the dismissal of the appeal and the assessee being directed to pay costs. Case-Laws Income Tax Fri, 20 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286830