Correct rates of tax must be applied to wealth-tax assessments to prevent short charging and ensure compliance Revenue Audit identified short charges in Wealth-tax cases caused by applying outdated, lower rates from a prior assessment year. The Board directs Wealth-tax Officers to ensure the correct rates of tax are applied in assessments and to circulate this instruction to all officers to prevent recurrence and secure proper revenue realization.
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Provisions expressly mentioned in the judgment/order text.
Correct rates of tax must be applied to wealth-tax assessments to prevent short charging and ensure compliance
Revenue Audit identified short charges in Wealth-tax cases caused by applying outdated, lower rates from a prior assessment year. The Board directs Wealth-tax Officers to ensure the correct rates of tax are applied in assessments and to circulate this instruction to all officers to prevent recurrence and secure proper revenue realization.
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