https://www.taxtmi.com/caselaws?id=69975 The appeals challenging the revisionary orders under section 25(3) of the Wealth-tax Act, 1957 were dismissed. The Commissioner's orders for the assessment year 1979-80, based on underassessment due to undervaluation of shares, were upheld. The Tribunal ruled in favor of the Commissioner, rejecting arguments on time limitation, merger of subject-matter, and the merits of the case. The Tribunal cited the amended law extending the time limit for revisions and previous reassessment proceedings as supporting the revisionary action. en-us Fri, 26 Sep 1986 00:00:00 +0530 Wed, 13 Apr 2011 11:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69975 The appeals challenging the revisionary orders under section 25(3) of the Wealth-tax Act, 1957 were dismissed. The Commissioner's orders for the assessment year 1979-80, based on underassessment due to undervaluation of shares, were upheld. The Tribunal ruled in favor of the Commissioner, rejecting arguments on time limitation, merger of subject-matter, and the merits of the case. The Tribunal cited the amended law extending the time limit for revisions and previous reassessment proceedings as supporting the revisionary action. Case-Laws Wealth-tax Fri, 26 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69975