Assessing officers should be alerted deciding matters under one direct tax law .

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..... 1973 in which it was impressed upon the Income-tax Officers that at the time of deciding matters under one direct tax law the information contained in the records pertaining to the other direct taxes should invariably be correlated and made use of. In spite of the issue of these instructions, the Audit have brought to the notice of the Board, many instances where there has been failure to effect s .....

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..... arket value of the property as on 1.1.54/1.1.64 by the assesses for the purposes of computation of capital gains. From the market value of the property as returned/assessed in the corresponding wealth-tax assessments or from other date available, it is sometimes apparent that the assesses has over-stated the market value of the property as on 1.1.54/1.1.64 while adopting it as "cost of acquisitio .....

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