https://www.taxtmi.com/caselaws?id=29643 Section 16A of the Wealth-tax Act, 1957 can be invoked only for the purpose of making an assessment, so the jurisdiction to refer an asset for valuation depends on an assessment that is actually pending or otherwise lawfully in progress. Proceedings for assessment begin when a return is filed or when a person fails to comply with notice under Section 14(2). On the admitted facts, no assessment was pending when the reference was made, so the statutory precondition was absent. The Madhya Pradesh High Court held the reference to the Valuation Officer, the valuation proceedings, and the valuation order to be without jurisdiction and quashed them. en-us Sat, 20 Sep 1980 00:00:00 +0530 Mon, 15 Mar 2010 13:06:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29643 Section 16A of the Wealth-tax Act, 1957 can be invoked only for the purpose of making an assessment, so the jurisdiction to refer an asset for valuation depends on an assessment that is actually pending or otherwise lawfully in progress. Proceedings for assessment begin when a return is filed or when a person fails to comply with notice under Section 14(2). On the admitted facts, no assessment was pending when the reference was made, so the statutory precondition was absent. The Madhya Pradesh High Court held the reference to the Valuation Officer, the valuation proceedings, and the valuation order to be without jurisdiction and quashed them. Case-Laws Wealth-tax Sat, 20 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29643