https://www.taxtmi.com/caselaws?id=24616 The court upheld the validity of the reference made by the Wealth-tax Officer and Valuation Officer for determining the fair market value of a self-occupied house for wealth-tax assessment. It emphasized the discretionary power of the Wealth-tax Officer to make such references without providing detailed reasons. The court clarified the roles and powers of the officers involved and affirmed the statutory duty of the Valuation Officer to request relevant documents from the assessee for assessment purposes. Ultimately, the court dismissed the petitioner's application without costs, allowing the assessment process to proceed based on the valuation conducted by the Valuation Officer. en-us Wed, 25 Nov 1987 00:00:00 +0530 Thu, 21 Jan 2010 12:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24616 The court upheld the validity of the reference made by the Wealth-tax Officer and Valuation Officer for determining the fair market value of a self-occupied house for wealth-tax assessment. It emphasized the discretionary power of the Wealth-tax Officer to make such references without providing detailed reasons. The court clarified the roles and powers of the officers involved and affirmed the statutory duty of the Valuation Officer to request relevant documents from the assessee for assessment purposes. Ultimately, the court dismissed the petitioner's application without costs, allowing the assessment process to proceed based on the valuation conducted by the Valuation Officer. Case-Laws Wealth-tax Wed, 25 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24616