https://www.taxtmi.com/caselaws?id=62790 The High Court interpreted section 16(5) of the Wealth-tax Act, 1957, denying the assessee a second assessment opportunity. The assessee sought to withdraw appeals under section 22M(2) to approach the Settlement Commission, but the Tribunal refused, citing the need to comply with the High Court's judgment. The Tribunal emphasized assessing the propriety of estimates in line with the court's directives, rejecting withdrawal to maintain the effectiveness of both its order and the High Court's decision. en-us Thu, 03 Feb 1983 00:00:00 +0530 Fri, 21 Jan 2011 17:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62790 The High Court interpreted section 16(5) of the Wealth-tax Act, 1957, denying the assessee a second assessment opportunity. The assessee sought to withdraw appeals under section 22M(2) to approach the Settlement Commission, but the Tribunal refused, citing the need to comply with the High Court's judgment. The Tribunal emphasized assessing the propriety of estimates in line with the court's directives, rejecting withdrawal to maintain the effectiveness of both its order and the High Court's decision. Case-Laws Wealth-tax Thu, 03 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62790