https://www.taxtmi.com/caselaws?id=22447 The court determined that the reopening of assessments for the years 1964-65 to 1971-72 under section 17(1)(b) of the Wealth-tax Act was justified, as there was no suppression of facts by the assessee and the action was within the limitation period. Additionally, the valuer's report for subsequent years could be considered as crucial information for reopening earlier assessments under section 17(1)(b), emphasizing the importance of expert valuations in reassessment proceedings. The judgment highlighted the significance of accurate valuation reports in reassessment actions under the Wealth-tax Act. en-us Mon, 14 Jan 1991 00:00:00 +0530 Thu, 10 Dec 2009 11:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22447 The court determined that the reopening of assessments for the years 1964-65 to 1971-72 under section 17(1)(b) of the Wealth-tax Act was justified, as there was no suppression of facts by the assessee and the action was within the limitation period. Additionally, the valuer's report for subsequent years could be considered as crucial information for reopening earlier assessments under section 17(1)(b), emphasizing the importance of expert valuations in reassessment proceedings. The judgment highlighted the significance of accurate valuation reports in reassessment actions under the Wealth-tax Act. Case-Laws Wealth-tax Mon, 14 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22447