AMIYA BALA PAUL vs COMNR. OF INCOME, TAX, SHILLONG

The Supreme Court addressed the legality of the Assessing Officer's referral to the Valuation Officer under Section 55A of the Income Tax Act, 1961. The Court held that while the Assessing Officer could not refer the matter under Section 55A, he had sufficient authority under Sections 131(1), 133(6), and 142(2) to seek a Valuation Report. The Court affirmed the High Court's decision that the incorrect citation of the provision did not invalidate the Assessing Officer's actions, thus ruling against the assessee's appeal.