https://www.taxtmi.com/caselaws?id=24317 The High Court of Kerala invalidated the reopening of assessments for the years 1972-73 and 1973-74 under section 17(1)(b) of the Wealth-tax Act. The assessments were based on an unauthorized valuation report obtained through an unauthorized reference to the Valuation Officer under section 16A of the Act. The Court held that the reference was unauthorized as assessments had been completed before the reference was made, emphasizing that section 16A allows valuation references only during pending assessment proceedings. The Court ruled in favor of the assessee, deeming the reassessment proceedings invalid. en-us Tue, 28 Feb 1989 00:00:00 +0530 Tue, 19 Jan 2010 11:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24317 The High Court of Kerala invalidated the reopening of assessments for the years 1972-73 and 1973-74 under section 17(1)(b) of the Wealth-tax Act. The assessments were based on an unauthorized valuation report obtained through an unauthorized reference to the Valuation Officer under section 16A of the Act. The Court held that the reference was unauthorized as assessments had been completed before the reference was made, emphasizing that section 16A allows valuation references only during pending assessment proceedings. The Court ruled in favor of the assessee, deeming the reassessment proceedings invalid. Case-Laws Wealth-tax Tue, 28 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24317