https://www.taxtmi.com/caselaws?id=121135 The Tribunal directed the Assessing Officer to reexamine the claim of the assessee regarding the property held as stock-in-trade and determine its inclusion in assessable wealth. The Tribunal emphasized the Department's duty to assist taxpayers in claiming reliefs and found that the property's status as business property supported the assessee's claim. The Tribunal concluded that the rectification application should have been accepted, allowing the assessee to prove its claim on merits. The appeals were allowed for statistical purposes. en-us Fri, 06 Oct 2006 00:00:00 +0530 Thu, 26 Jul 2012 17:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121135 The Tribunal directed the Assessing Officer to reexamine the claim of the assessee regarding the property held as stock-in-trade and determine its inclusion in assessable wealth. The Tribunal emphasized the Department's duty to assist taxpayers in claiming reliefs and found that the property's status as business property supported the assessee's claim. The Tribunal concluded that the rectification application should have been accepted, allowing the assessee to prove its claim on merits. The appeals were allowed for statistical purposes. Case-Laws Wealth-tax Fri, 06 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121135