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    July 16, 2026   Case LawsWealth-tax
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    Penalty Proceedings Void: Defective Notice u/s 18(1)(c) of Wealth Tax Act Invalidates Penalty from Start.
    December 16, 2019   Case LawsWealth-tax
    Late Wealth Tax Notice Invalid: Section 16(2) Deadline Missed, Section 42 Provisions Not Applicable.
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    July 16, 2026   Case Laws Wealth-tax
    Specialised agricultural valuation qualifications validly distinguish expertise in land, crop and soil assessment from other professional credentials.
    February 9, 2026   Case Laws Wealth-tax
    Scheme of demerger and attachment of vested assets: court bars attachment for demerged company's tax, allows action for resulting company's liability
    May 3, 2025   Case Laws Wealth-tax
    Urban Vacant Land Tax Exemption Requires Complete Building Construction, Not Mere Commencement of Work
    July 28, 2023   Case Laws Wealth-tax
    Land Ownership Not Transferred: Section 53A of Transfer of Property Act Not Met in Wealth Tax Case.
    October 15, 2022   Case Laws Wealth-tax
    Valuation of Gifted Shares: Authority to Classify as Quoted or Unquoted Lies with Tax Authorities, Not Stock Exchange. (9.
    January 27, 2022   Case Laws Wealth-tax
    High Court Rules Assessee Can Directly Approach Court Under Article 226 if Section 17 Conditions Are Absent.
    May 6, 2021   Case Laws Wealth-tax
    High Court Rules Seized Gold Should Not Be Included in Wealth Tax Assessment Due to Confiscation Status.
    February 2, 2021   Case Laws Wealth-tax
    Wealth Tax Reassessment: Vacant Urban Land Excluded Without AO Evidence of Structure, Contradicting Joint Development Agreement.
    February 1, 2021   Case Laws Wealth-tax
    No Penalty Imposed for Late Wealth Tax Disclosure u/s 18(1)(c) Explanation 3 of the Wealth Tax Act.
    January 13, 2021   Case Laws Wealth-tax
    Assessing Officer's Additions Acknowledge Revised Tax Return; Original Return u/s 17 Must Reconcile Discovered Jewelry.
    October 22, 2020   Case Laws Wealth-tax
    Individuals can't claim wealth tax exemption for land under 500 sqm if house exemption u/s 5(vi) is claimed.
    September 12, 2020   Case Laws Wealth-tax
    Supreme Court Rules: Clubs Not Automatically "Associations of Persons" for Wealth Tax Despite Income Tax Classification.
    September 12, 2020   Case Laws Wealth-tax
    Bangalore Club Ruled as "Association of Persons" for Wealth Tax; Section 21AA Not Applicable to Case Circumstances.
    December 27, 2019   Case Laws Wealth-tax
    Wealth Tax Assessment Order Exceeds One-Year Limit u/s 17A(2), Impacting Penalty Proceedings u/s 18(1)(c).
    December 27, 2019   Case Laws Wealth-tax
    Penalty Proceedings Void: Defective Notice u/s 18(1)(c) of Wealth Tax Act Invalidates Penalty from Start.
    December 16, 2019   Case Laws Wealth-tax
    Late Wealth Tax Notice Invalid: Section 16(2) Deadline Missed, Section 42 Provisions Not Applicable.
    November 26, 2019   Case Laws Wealth-tax
    Dispute Over ACIT Bengaluru's Jurisdiction on Notice Validity Under Wealth-tax Act Section 17: Procedural Focus.
    September 26, 2019   Case Laws Wealth-tax
    Penalty Confirmed for Failing to File Wealth Tax Return u/s 18(1)(c); Legal Obligations Reinforced.
    February 16, 2019   Case Laws Wealth-tax
    Wealth Tax Section 2(ea)(vi): Personal Cash Only, Excludes Business Assets in Assessment.
    October 24, 2018   Case Laws Wealth-tax
    Royal Buggy Exempt as 'Work of Art' Under Wealth Tax Act, Tribunal Erred with Outdated Judgment.

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      Wealth-tax

      Wealth tax assessment - Notice itself has been issued beyond the...

      Late Wealth Tax Notice Invalid: Section 16(2) Deadline Missed, Section 42 Provisions Not Applicable.

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      Wealth-tax December 16, 2019Case LawsAT
      Wealth tax assessment - Notice itself has been issued beyond the time prescribed u/s 16(2) of the Wealth Tax Act. Thus, according to us the provision of section 42 does not apply to a situation where the notice has not been issued within the time limit prescribed as per the act.
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