https://www.taxtmi.com/caselaws?id=26065 The Income-tax Appellate Tribunal (ITAT) overturned the Appellate Assistant Commissioner's decision, holding that assessments under section 17(1) of the Wealth-tax Act could not be reopened based on a later Valuation Officer's report. The Tribunal canceled the reassessments, emphasizing that the District Valuation Officer's reference post-assessment completion was impermissible. The High Court identified two legal questions arising from the ITAT's ruling and directed a reference to the court for clarification. en-us Fri, 23 Aug 1985 00:00:00 +0530 Tue, 02 Feb 2010 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26065 The Income-tax Appellate Tribunal (ITAT) overturned the Appellate Assistant Commissioner's decision, holding that assessments under section 17(1) of the Wealth-tax Act could not be reopened based on a later Valuation Officer's report. The Tribunal canceled the reassessments, emphasizing that the District Valuation Officer's reference post-assessment completion was impermissible. The High Court identified two legal questions arising from the ITAT's ruling and directed a reference to the court for clarification. Case-Laws Wealth-tax Fri, 23 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26065