https://www.taxtmi.com/caselaws?id=66592 The Tribunal upheld the Commissioner's jurisdiction to revise assessments under section 25(2) of the Wealth-tax Act post-1-6-1988. Professional remuneration received but undeclared was included in the net wealth, with a directive for proper evidence consideration and explanations. The revisionary order of 21-3-1991 was deemed valid within the statutory time limit. Procedural fairness was emphasized, requiring further inquiry into unverified evidence and providing the assessee with a fair chance to respond. The matter was partially allowed, remanding for a reevaluation of wealth additions for the relevant assessment years with proper procedural adherence. en-us Tue, 24 Aug 1993 00:00:00 +0530 Fri, 04 Mar 2011 18:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66592 The Tribunal upheld the Commissioner's jurisdiction to revise assessments under section 25(2) of the Wealth-tax Act post-1-6-1988. Professional remuneration received but undeclared was included in the net wealth, with a directive for proper evidence consideration and explanations. The revisionary order of 21-3-1991 was deemed valid within the statutory time limit. Procedural fairness was emphasized, requiring further inquiry into unverified evidence and providing the assessee with a fair chance to respond. The matter was partially allowed, remanding for a reevaluation of wealth additions for the relevant assessment years with proper procedural adherence. Case-Laws Wealth-tax Tue, 24 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66592