Revisionary power of commissioners u/s.23(2) of W.T.Act, 1957.

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..... sioners u/s.23(2) of the W.T.Act, 1957. 2. The law as it stands gives a sort of finality to the valuation made by the valuation officer, in view of the provisions of sec.16A(6) of the W.T.Act. The question is : can the department retrieve the loss if, perchance the valuation made by the valuation officer is found to be prejudicial to revenue? It is obvious that the situation can be salvaged only .....

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..... ii) If on scrutiny the Commissioner finds that the valuation report is based upon irrelevant principles or contains a palpable mistake, there is nothing in the act to preclude him from reviewing the order. To take an extreme example the valuation officer might have made an arithmetical mistake or assumed that a building built of cement was made of clay. He may have misread a section or overlooke .....

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