ARTICLES OF AN ADVOCATE: This matter arises under the Income Tax Act, 1961 (for short Act). The petitioner is a private limited company called Bharathi Cements Corporation Private Limited represented by its director G.Balaji and it is in the business of manufacture of cement. this is a case where the assessing authority has merely issued a notice earlier to the petitioner calling for certain information regarding valuation of the plant, but subsequently referred the matter to the fourth respondent valuation officer in order to take a decision in the matter. The third respondent is yet to take a decision and pass a final order regarding re-assessment and about the valuation of the investment in question and he may rest his decision on various factors and having regard to the language of Section 142A(1) it can be said that he has that power. Once a decision is taken by the third respondent in this matter and if it goes against the petitioner, it is always open for the petitioner to work out its remedies. Thus the writ petition can be said to be premature.