Review of all cases of Wealth-Tax assessees, having foreign assets.

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....Wealth-tax Officers have failed to revalue the foreign assets on such valuation dates as were subsequent to the date of the Wealth-tax Officers has resulted into a substantial loss to the revenue. When the cases, in which audit objections were raised were scrutinised by the Department it was further noticed that the Wealth-tax Officers had also failed to adopt the correct valuation of the foreign ....