1991 (2) TMI 97

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....er section 27(3) of the Wealth-tax Act, 1957, the Tribunal has stated the following two questions : "(1) Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was justified in confirming the order of the Appellate Assistant Commissioner setting aside the assessment on the ground that the Wealth-tax Officer should have given reasons for rejecting the repor....

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....sioner allowed the appeal and remitted the matter to the Wealth-tax Officer to examine the matter afresh. The main ground given by the Appellate Assistant Commissioner is that the Wealth-tax Officer has not given any reasons for rejecting the valuation made by the assessee's valuer. Against the order of the Appellate Assistant Commissioner, the Revenue went up in appeal to the Tribunal which was d....