https://www.taxtmi.com/caselaws?id=60033 The Tribunal affirmed the Commissioner's order setting aside the Wealth-tax Officer's assessments for the years 1973-74 and 1974-75. The Wealth-tax Officer erred in not waiting for the Valuation Officer's report, which was binding under Section 16A. The method of valuation adopted by the Valuation Officer was deemed acceptable, and the Commissioner acted within his authority under Section 25(2) to ensure compliance with the law and protect revenue interests. The appeals were dismissed. en-us Fri, 26 Mar 1982 00:00:00 +0530 Mon, 03 Jan 2011 14:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60033 The Tribunal affirmed the Commissioner's order setting aside the Wealth-tax Officer's assessments for the years 1973-74 and 1974-75. The Wealth-tax Officer erred in not waiting for the Valuation Officer's report, which was binding under Section 16A. The method of valuation adopted by the Valuation Officer was deemed acceptable, and the Commissioner acted within his authority under Section 25(2) to ensure compliance with the law and protect revenue interests. The appeals were dismissed. Case-Laws Wealth-tax Fri, 26 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60033