Revisionary power of commissioners u/s.23(2) of W.T.Act, 1957.

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....xamine the scope of the revisionary power of the commissioners u/s.23(2) of the W.T.Act, 1957. 2. The law as it stands gives a sort of finality to the valuation made by the valuation officer, in view of the provisions of sec.16A(6) of the W.T.Act. The question is : can the department retrieve the loss if, perchance the valuation made by the valuation officer is found to be prejudicial to revenu....

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....tion officer is merged in it and becomes a part of the order. ii) If on scrutiny the Commissioner finds that the valuation report is based upon irrelevant principles or contains a palpable mistake, there is nothing in the act to preclude him from reviewing the order. To take an extreme example the valuation officer might have made an arithmetical mistake or assumed that a building built of ceme....