https://www.taxtmi.com/caselaws?id=60815 The Tribunal allowed the appeal, emphasizing the statutory limitations on the AAC's powers and the exclusive discretion of the WTO in referring asset valuation to the Valuation Officer under section 16A of the Wealth-tax Act, 1957. The judgment clarified the boundaries of authority in appeal proceedings and upheld the principle that appellate directions must align with legal provisions and not infringe upon the discretion vested in the assessing officer. en-us Thu, 09 Jun 1983 00:00:00 +0530 Sat, 08 Jan 2011 11:49:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60815 The Tribunal allowed the appeal, emphasizing the statutory limitations on the AAC's powers and the exclusive discretion of the WTO in referring asset valuation to the Valuation Officer under section 16A of the Wealth-tax Act, 1957. The judgment clarified the boundaries of authority in appeal proceedings and upheld the principle that appellate directions must align with legal provisions and not infringe upon the discretion vested in the assessing officer. Case-Laws Wealth-tax Thu, 09 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60815