https://www.taxtmi.com/caselaws?id=27873 The Court quashed the valuation proceeding under s. 55A of the I.T. Act, initiated by the ITO, due to completion of assessment before receipt of the valuation report. The Court held that the absence of the ITO's opinion and the completed assessment rendered the valuation unnecessary, following legal precedents that statutory pre-conditions must be met. The Court ruled in favor of the petitioner, quashing the proceeding through a writ of certiorari and issuing a writ of mandamus to halt further valuation actions by the respondents, with no costs awarded. en-us Fri, 23 Mar 1984 00:00:00 +0530 Tue, 16 Feb 2010 15:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27873 The Court quashed the valuation proceeding under s. 55A of the I.T. Act, initiated by the ITO, due to completion of assessment before receipt of the valuation report. The Court held that the absence of the ITO's opinion and the completed assessment rendered the valuation unnecessary, following legal precedents that statutory pre-conditions must be met. The Court ruled in favor of the petitioner, quashing the proceeding through a writ of certiorari and issuing a writ of mandamus to halt further valuation actions by the respondents, with no costs awarded. Case-Laws Income Tax Fri, 23 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27873