https://www.taxtmi.com/caselaws?id=62316 The Tribunal allowed the assessee's appeals, canceling the reassessment proceedings initiated under section 17 of the Wealth-tax Act for the relevant assessment years. The Tribunal held that the Assessing Officer was not justified in reopening the assessments as the assessee had disclosed all material facts, and the reassessment proceedings were initiated after the prescribed four-year period. The order of the Commissioner of Wealth-tax (Appeals) was set aside. en-us Wed, 31 May 2006 00:00:00 +0530 Wed, 19 Jan 2011 12:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62316 The Tribunal allowed the assessee's appeals, canceling the reassessment proceedings initiated under section 17 of the Wealth-tax Act for the relevant assessment years. The Tribunal held that the Assessing Officer was not justified in reopening the assessments as the assessee had disclosed all material facts, and the reassessment proceedings were initiated after the prescribed four-year period. The order of the Commissioner of Wealth-tax (Appeals) was set aside. Case-Laws Wealth-tax Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62316