https://www.taxtmi.com/caselaws?id=55551 The Tribunal upheld the Deputy CWT(A)'s decision in favor of the assessee, dismissing the appeals and confirming the valuation based on the registered valuer's report. It emphasized the necessity of complying with Departmental Circulars and statutory provisions, particularly referencing the mandatory referral to the Valuation Officer under section 16A(1) of the Wealth Tax Act. The Tribunal found the AO's valuation approach to be incorrect, supporting the assessee's declared value of unquoted shares and bonds as per the amalgamation scheme. en-us Mon, 29 Sep 1997 00:00:00 +0530 Sat, 27 Nov 2010 16:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55551 The Tribunal upheld the Deputy CWT(A)'s decision in favor of the assessee, dismissing the appeals and confirming the valuation based on the registered valuer's report. It emphasized the necessity of complying with Departmental Circulars and statutory provisions, particularly referencing the mandatory referral to the Valuation Officer under section 16A(1) of the Wealth Tax Act. The Tribunal found the AO's valuation approach to be incorrect, supporting the assessee's declared value of unquoted shares and bonds as per the amalgamation scheme. Case-Laws Wealth-tax Mon, 29 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55551