https://www.taxtmi.com/caselaws?id=67598 The Tribunal dismissed the appeals, upholding the CWT's order setting aside the WTO's decision to drop the proceedings. The Tribunal concluded that the WTO's order was erroneous and prejudicial to the interests of revenue, and the CWT was justified in invoking Section 25(2) of the WT Act. The Tribunal emphasized the need for a thorough examination of the trust's activities, investments, and the benefits derived by the settlor to determine the eligibility for exemption under the WT Act. en-us Mon, 23 May 1988 00:00:00 +0530 Fri, 11 Mar 2011 15:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67598 The Tribunal dismissed the appeals, upholding the CWT's order setting aside the WTO's decision to drop the proceedings. The Tribunal concluded that the WTO's order was erroneous and prejudicial to the interests of revenue, and the CWT was justified in invoking Section 25(2) of the WT Act. The Tribunal emphasized the need for a thorough examination of the trust's activities, investments, and the benefits derived by the settlor to determine the eligibility for exemption under the WT Act. Case-Laws Wealth-tax Mon, 23 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67598