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Wealth tax--- ---- Rectification of mistakes---Valuation of assets---Tribunal fixing one value in assessee's appeal and another in Department's appeal---Valuation fixed by High Court in another case---Rectification of Tribunal's order to bring it in conformity with High Court's order---Valid---Indian Wealth Tax Act, 1957. An appeal was filed by the assessee before the Tribunal against the order of the Commissioner of Wealth Tax (Appeals) for the assessment year 1971-72 and another appeal was filed by the Revenue. The appeal filed by the assessee was allowed by an order, dated May 6, 1981. While allowing the appeal, it was directed that the value of the property was to be fixed at the rate of Rs.3 per square yard. Incidentally, the appeal filed by the Revenue was allowed on May 8, 1981, fixing the value of the same property at the rate of Rs.9 per square yard. This led to the filing of two applications for rectification of these orders and, ultimately, the Tribunal rectified the order passed on appeal fried by the assessee, which was dated May 6, 1981, by bringing it in conformity with the final order fixing the valuation at Rs. 9 per square yard. On a reference: Held, that in CWT v. Shri Jagdev Inder Singh (1994) 209 ITR 169 (P&H), the decision of the authorities fixing the market value at Rs. 9 per square yard was affirmed. The Tribunal was, therefore, justified in rectifying its order. CWT v. Shri Jagdev Inder Singh (1994) 209 ITR 169 (P&H) applied. JUDGMENT A.L. BAHRI, J.---Vide this order two Wealth Tax References (Nos. PTD 43 and 44 of 1982) are being disposed of as the facts are common. They are now taken from Reference No.43 of 1982. The following question of law has been referred to this Court in Wealth Tax Reference No.43 of 1982 by the Wealth Tax Appellate Tribunal, Amritsar for adjudication: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified in rectifying its order in Wealth Tax Appeal No.i13 of 1980, dated May 6, 1981, instead of rectifying its order in Wealth Tax Appeal No. 139 of 1980 (Department's Appeal) dated May 8,1981, for the assessment year 1971-72?" In Wealth Tax Reference No.44 of 1982, the…

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