1991 (2) TMI 33 - HC - Wealth-tax

Summary

The High Court of Allahabad ruled that a reference to the Valuation Officer under section 16A(1) of the Wealth-tax Act was invalid as no assessment or reassessment proceedings were pending for the relevant assessment years. The writ petition was allowed, following a similar judgment in another case. The Wealth-tax Officer can still make a reference if any assessment or reassessment proceedings are pending.