https://www.taxtmi.com/caselaws?id=25196 Whether a reference to the Valuation Officer under s.16A(1)(b) read with r.3B of the Wealth-tax Rules is mandatory where the assessing officer's estimated asset value exceeds the declared value beyond the rule 3B threshold: the Court held that the statute and rule, read conjunctively, impose a mandatory duty on the Wealth-tax Officer to refer such valuations to the Valuation Officer without awaiting a response or request from the assessee, because the rule prescribes a bright-line excess triggering reference; outcome - reference was required and the matter is remitted to the Tribunal for conformity with this legal requirement. en-us Thu, 01 Oct 1987 00:00:00 +0530 Fri, 16 Jan 2026 10:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25196 Whether a reference to the Valuation Officer under s.16A(1)(b) read with r.3B of the Wealth-tax Rules is mandatory where the assessing officer's estimated asset value exceeds the declared value beyond the rule 3B threshold: the Court held that the statute and rule, read conjunctively, impose a mandatory duty on the Wealth-tax Officer to refer such valuations to the Valuation Officer without awaiting a response or request from the assessee, because the rule prescribes a bright-line excess triggering reference; outcome - reference was required and the matter is remitted to the Tribunal for conformity with this legal requirement. Case-Laws Wealth-tax Thu, 01 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25196