https://www.taxtmi.com/caselaws?id=62631 A reassessment notice issued under section 17 after amalgamation was treated as valid because it was served on and responded to by the successor entity at the same name and address, and the jurisdictional objection was raised too late. The reassessment was also upheld as it was based on incomplete original disclosure of immovable properties and recorded material, so it was not a mere change of opinion. For net wealth purposes, premises let to joint venture companies were not treated as self-occupied business assets, and employee accommodation relief did not apply where rent was charged; the additions to wealth were therefore sustained. en-us Wed, 22 Dec 2004 00:00:00 +0530 Tue, 02 Jul 2024 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62631 A reassessment notice issued under section 17 after amalgamation was treated as valid because it was served on and responded to by the successor entity at the same name and address, and the jurisdictional objection was raised too late. The reassessment was also upheld as it was based on incomplete original disclosure of immovable properties and recorded material, so it was not a mere change of opinion. For net wealth purposes, premises let to joint venture companies were not treated as self-occupied business assets, and employee accommodation relief did not apply where rent was charged; the additions to wealth were therefore sustained. Case-Laws Income Tax Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62631