Appeal to High Court restricted to formulated substantial questions of law for specified wealth tax orders, within strict filing time. A new provision permits an appeal to the High Court within one hundred and twenty days against orders under specified wealth tax provisions; appeals from Appellate Tribunal orders require the High Court to be satisfied that a substantial question of law is involved. The memorandum must state the substantial question of law and, when filed by an assessee, be accompanied by a fee. The High Court shall formulate the question if satisfied, hear the appeal only on that question (subject to limited exceptions), decide and record reasons, may award costs, and its order is to be given effect by the Assessing Officer on a certified copy of the judgment.
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Provisions expressly mentioned in the judgment/order text.
Appeal to High Court restricted to formulated substantial questions of law for specified wealth tax orders, within strict filing time.
A new provision permits an appeal to the High Court within one hundred and twenty days against orders under specified wealth tax provisions; appeals from Appellate Tribunal orders require the High Court to be satisfied that a substantial question of law is involved. The memorandum must state the substantial question of law and, when filed by an assessee, be accompanied by a fee. The High Court shall formulate the question if satisfied, hear the appeal only on that question (subject to limited exceptions), decide and record reasons, may award costs, and its order is to be given effect by the Assessing Officer on a certified copy of the judgment.
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