Furnishing of particulars: provision in Wealth Tax Rules inserted then subsequently omitted, altering reporting requirement applicability. The Wealth Tax Rules, 1957 included a provision introducing requirements for furnishing of particulars by taxpayers via a 1974 amendment; that rule established specified reporting obligations in certain cases. The provision created a rule-based mechanism for collection of additional information and was later omitted by a 1980 amendment, thereby removing the separate statutory requirement to furnish those particulars under the Wealth Tax Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Furnishing of particulars: provision in Wealth Tax Rules inserted then subsequently omitted, altering reporting requirement applicability.
The Wealth Tax Rules, 1957 included a provision introducing requirements for furnishing of particulars by taxpayers via a 1974 amendment; that rule established specified reporting obligations in certain cases. The provision created a rule-based mechanism for collection of additional information and was later omitted by a 1980 amendment, thereby removing the separate statutory requirement to furnish those particulars under the Wealth Tax Rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
