2000 (11) TMI 32

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....rred to us in this case is similar to the one that was considered by this court in the case of CIT v. M. N. Sulaiman [1999] 238 ITR 139. That was a case under the Income-tax Act while these cases are under the Wealth-tax Act. However, the scope of the revisional powers of the Commissioner under the two Acts is similar. For the assessment years 1978-79 and 1979-80, the wealth-tax assessment was ....

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....ommissioner holding that he should not have taken note of the valuation report which was received subsequent to the date of the assessment. This court in the case of M. N. Sulaiman [1999] 238 ITR 139, has held in similar facts and circumstances arising under the Income-tax Act that the valuation report submitted subsequent to the assessment, which report had been called for prior to the assessm....