https://www.taxtmi.com/caselaws?id=58364 The Tribunal held that the post-assessment valuation report obtained by the Wealth Tax Officer was inadmissible as evidence. It agreed with the Hindu Undivided Family's argument that the Commissioner could not solely rely on this report to set aside the assessments. The Tribunal also found that the Board's Instruction mandating valuation referral for properties exceeding a certain value exceeded statutory provisions. As a result, the Tribunal deemed the Commissioner's order unsustainable, setting it aside and allowing the appeals of the Hindu Undivided Family. en-us Wed, 12 May 1982 00:00:00 +0530 Sat, 18 Dec 2010 16:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58364 The Tribunal held that the post-assessment valuation report obtained by the Wealth Tax Officer was inadmissible as evidence. It agreed with the Hindu Undivided Family's argument that the Commissioner could not solely rely on this report to set aside the assessments. The Tribunal also found that the Board's Instruction mandating valuation referral for properties exceeding a certain value exceeded statutory provisions. As a result, the Tribunal deemed the Commissioner's order unsustainable, setting it aside and allowing the appeals of the Hindu Undivided Family. Case-Laws Wealth-tax Wed, 12 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58364