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<h1>Dismissal of Wealth-tax Act applications by Allahabad High Court for failure to disclose facts.</h1> The High Court of Allahabad dismissed three applications under the Wealth-tax Act 1957, as there was no omission or failure by the assessee to disclose ... Reassessment, Wealth Tax The High Court of Allahabad dismissed three applications under the Wealth-tax Act 1957, finding no omission or failure by the assessee to disclose all material facts for assessment. The court held that the finding was a matter of fact, similar to a previous Supreme Court ruling under the Income-tax Act. The applications were dismissed with costs of Rs. 125.
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