https://www.taxtmi.com/caselaws?id=55745 The Tribunal upheld the WTO's valuation of immovable properties for assessment years 1970-71 and 1971-72, setting aside the Commissioner's order. However, for assessment years 1972-73 to 1975-76, the Tribunal agreed with the Commissioner on the claim of partial partition of movable assets. The appeals for these years were partly allowed, instructing the WTO to address the partition claim and make necessary adjustments. The Commissioner's direction for valuation under section 16A was deemed improper as no proof of undervaluation was established, emphasizing reliance on registered valuers' reports. en-us Fri, 26 Mar 1982 00:00:00 +0530 Mon, 29 Nov 2010 17:42:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55745 The Tribunal upheld the WTO's valuation of immovable properties for assessment years 1970-71 and 1971-72, setting aside the Commissioner's order. However, for assessment years 1972-73 to 1975-76, the Tribunal agreed with the Commissioner on the claim of partial partition of movable assets. The appeals for these years were partly allowed, instructing the WTO to address the partition claim and make necessary adjustments. The Commissioner's direction for valuation under section 16A was deemed improper as no proof of undervaluation was established, emphasizing reliance on registered valuers' reports. Case-Laws Wealth-tax Fri, 26 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55745