https://www.taxtmi.com/caselaws?id=294934 The court dismissed the issue regarding the reopening of assessment under sections 16(2)/17 of the Wealth Tax Act as it was not pressed by the assessee. The valuation of jewellery was challenged, and the Tribunal remanded the issue for reconsideration by the Assessing Officer based on new evidence presented by the assessee. Regarding the valuation of agricultural land, it was determined that the land did not qualify as a taxable asset under the Wealth Tax Act and was allowed as non-taxable. The appeals were partly allowed for statistical purposes, and the final pronouncement was made on 28.6.2013. en-us Fri, 28 Jun 2013 00:00:00 +0530 Thu, 11 Nov 2021 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294934 The court dismissed the issue regarding the reopening of assessment under sections 16(2)/17 of the Wealth Tax Act as it was not pressed by the assessee. The valuation of jewellery was challenged, and the Tribunal remanded the issue for reconsideration by the Assessing Officer based on new evidence presented by the assessee. Regarding the valuation of agricultural land, it was determined that the land did not qualify as a taxable asset under the Wealth Tax Act and was allowed as non-taxable. The appeals were partly allowed for statistical purposes, and the final pronouncement was made on 28.6.2013. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294934