https://www.taxtmi.com/caselaws?id=64724 The appeal succeeded as the order of the Commissioner of Wealth Tax (CWT) under Section 25 of the Wealth Tax (WT) Act, 1957 was quashed. The court found that the CWT erred in setting aside the Wealth Tax Officer's order without proper examination, leading to an erroneous and prejudicial assessment. The majority opinion held that the CWT lacked justification for setting aside the assessment, agreeing that the appeal by the assessee should succeed. The matter was referred back to the regular Bench for a decision in line with the majority opinion. en-us Wed, 29 Apr 1992 00:00:00 +0530 Wed, 09 Feb 2011 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64724 The appeal succeeded as the order of the Commissioner of Wealth Tax (CWT) under Section 25 of the Wealth Tax (WT) Act, 1957 was quashed. The court found that the CWT erred in setting aside the Wealth Tax Officer's order without proper examination, leading to an erroneous and prejudicial assessment. The majority opinion held that the CWT lacked justification for setting aside the assessment, agreeing that the appeal by the assessee should succeed. The matter was referred back to the regular Bench for a decision in line with the majority opinion. Case-Laws Wealth-tax Wed, 29 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64724