https://www.taxtmi.com/caselaws?id=25772 The court held that the Wealth-tax Officer's referral of property valuation to the Valuation Officer for already finalized assessment years was illegal and without jurisdiction. References for assessment years beyond 1977-78 were upheld, allowing subjective satisfaction for valuation referrals. The Valuation Officer was directed to consider rule 1BB of the Wealth-tax Rules for residential property valuations and follow prescribed procedures. The petitioner's petition was partially granted, with valuation directions for specific assessment years and the striking down of references for finalized years. No costs were awarded. en-us Thu, 10 Jul 1986 00:00:00 +0530 Sat, 30 Jan 2010 17:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25772 The court held that the Wealth-tax Officer's referral of property valuation to the Valuation Officer for already finalized assessment years was illegal and without jurisdiction. References for assessment years beyond 1977-78 were upheld, allowing subjective satisfaction for valuation referrals. The Valuation Officer was directed to consider rule 1BB of the Wealth-tax Rules for residential property valuations and follow prescribed procedures. The petitioner's petition was partially granted, with valuation directions for specific assessment years and the striking down of references for finalized years. No costs were awarded. Case-Laws Wealth-tax Thu, 10 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25772