1997 (7) TMI 108

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..... under section 55A of the Income-tax Act. It is submitted by learned counsel for the petitioner that the report of the Valuation Officer is binding on the Income-tax Officer and proceedings for valuation being quasi-judicial, a writ of certiorari there against is maintainable. Reliance is placed on Wenger and Co. v. Distt. Valuation Officer [1978] 115 ITR 648 (Delhi). Senior standing counsel for .....

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..... binding on the Assessing Income-tax Officer or not. On the short question that the assessment having been finalised and an alternate efficacious remedy of filing an appeal wherein challenge can be led to the report of the Valuation Officer is available to the petitioner, the petition is dismissed in limine. It would be open to the appellate authority to go into the pleas raised by the petitioner .....

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