https://www.taxtmi.com/caselaws?id=61076 A post-assessment reference to the Valuation Officer was invalid where the original wealth-tax assessments had already been completed after considering and accepting the assessee's valuation material. Because the reference itself was impermissible, the resulting valuation report could not amount to legally effective information for reopening under section 17(1)(b). Reassessment based on that report was therefore treated as a mere change of opinion and could not be sustained. The reassessments were held unsustainable, the Revenue's appeals failed, and the original acceptance of the assessee's valuation remained undisturbed. en-us Sat, 22 Oct 1977 00:00:00 +0530 Mon, 10 Jan 2011 17:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61076 A post-assessment reference to the Valuation Officer was invalid where the original wealth-tax assessments had already been completed after considering and accepting the assessee's valuation material. Because the reference itself was impermissible, the resulting valuation report could not amount to legally effective information for reopening under section 17(1)(b). Reassessment based on that report was therefore treated as a mere change of opinion and could not be sustained. The reassessments were held unsustainable, the Revenue's appeals failed, and the original acceptance of the assessee's valuation remained undisturbed. Case-Laws Wealth-tax Sat, 22 Oct 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61076