1990 (8) TMI 103

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..... under section 16A of the Wealth-tax Act, 1957, for determination of the value of the property in dispute. The reference was made on January 6, 1981. Notices under section 16A and under section 16A(4) have been issued by the Valuation Officer on January 21, 1981, and February 20, 1981. The proceedings relate to the assessment years 1972-73 to 1980-81. It is common ground that, at the time the Wealt .....

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..... assets to the Valuation Officer, then it is permissible for him to do so. Admittedly, the reference in this case was made to the valuer under section 16A only after the assessments were completed. It must, therefore, be held that the reference to the valuer under section 16A in so far as it pertains to the assessment years 1972-73 to 1975-76 is invalid. As regards the assessment years 1976-77 to .....

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