https://www.taxtmi.com/caselaws?id=61302 The Tribunal declined the Commissioner's request for reference to the High Court regarding the cancellation of a reassessment order by the Tribunal. The Tribunal emphasized that the issue was primarily factual and did not raise any legal questions warranting a reference. Despite the departmental representative's insistence citing case laws, the Tribunal found in favor of the assessee, highlighting that the valuation matter had already been addressed in the original assessment and could not be revisited based solely on a subsequent valuation report. The Tribunal's decision was based on established facts and legal principles, resulting in the dismissal of the reference application. en-us Tue, 17 Jan 1984 00:00:00 +0530 Wed, 12 Jan 2011 11:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61302 The Tribunal declined the Commissioner's request for reference to the High Court regarding the cancellation of a reassessment order by the Tribunal. The Tribunal emphasized that the issue was primarily factual and did not raise any legal questions warranting a reference. Despite the departmental representative's insistence citing case laws, the Tribunal found in favor of the assessee, highlighting that the valuation matter had already been addressed in the original assessment and could not be revisited based solely on a subsequent valuation report. The Tribunal's decision was based on established facts and legal principles, resulting in the dismissal of the reference application. Case-Laws Wealth-tax Tue, 17 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61302