Wealth tax personal verification required where calculations exceed prescribed monetary thresholds to ensure demand and refund accuracy. Mandatory personal re examination of wealth tax computations is required: Wealth tax Officers must personally recheck calculations where net wealth exceeds the Board's higher threshold; Assistant Controllers of Estate Duty and Gift tax/Wealth tax Officers must personally recheck where demands exceed the prescribed lower threshold; and the same officers must personally verify calculations producing refunds above the specified refund threshold.
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.
Wealth tax personal verification required where calculations exceed prescribed monetary thresholds to ensure demand and refund accuracy.
Mandatory personal re examination of wealth tax computations is required: Wealth tax Officers must personally recheck calculations where net wealth exceeds the Board's higher threshold; Assistant Controllers of Estate Duty and Gift tax/Wealth tax Officers must personally recheck where demands exceed the prescribed lower threshold; and the same officers must personally verify calculations producing refunds above the specified refund threshold.
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