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of <h1>Board Requests Info on Pending Wealth-Tax Assessments Pre-1968, Citing Section 16(3) of Wealth Tax Act; Deadline October 31, 1972.</h1> The Board requires information on pending wealth-tax assessments for the assessment years 1968-69 and earlier, as per section 16(3) of the Wealth Tax Act, 1957. It mandates that these assessments be completed within four years from the end of the relevant assessment year. Any assessments pending beyond this period need prior approval, which should only be granted after verifying the reasons for the delay. The Board emphasizes the need for expeditious completion of such assessments. The requested information is to be submitted by October 31, 1972.
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