2001 (11) TMI 39

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..... f the order of the Tribunal holding that the Commissioner of Wealth-tax under section 25(2) of the Wealth-tax Act, 1957, had no jurisdiction to revise the valuation of the property, when that valuation was the subject matter of an appeal which was filed by the assessee and was pending when the revisional power was exercised. The assessment year is 1984-85. The revisional jurisdiction cannot be e .....

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..... has expired or the assessee had waived his right of appeal. It is clear that were an appeal had in fact been filed by the assessee and that appeal had raised the question concerning which the revisional authority sought to exercise the revisional power, the exercise of such revisional power was barred. The Tribunal was right in the view it had taken. The question is, therefore, answered, in favo .....

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