https://www.taxtmi.com/caselaws?id=203386 The High Court held that it was not mandatory to issue a notice under section 16(5) of the Wealth-tax Act before passing a best judgment assessment if a notice under section 16(4) had already been issued and the assessee failed to comply. The court clarified that the second proviso to section 16(5) does not specify the type of notice under section 16(4) required to dispense with the hearing notice. Therefore, the court concluded that no additional notice was necessary under section 16(5) if a notice under section 16(4) had been issued. The appeals were allowed, overturning the decisions of the Tribunal and CWT(A). en-us Fri, 18 Feb 2011 00:00:00 +0530 Wed, 03 Jul 2013 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203386 The High Court held that it was not mandatory to issue a notice under section 16(5) of the Wealth-tax Act before passing a best judgment assessment if a notice under section 16(4) had already been issued and the assessee failed to comply. The court clarified that the second proviso to section 16(5) does not specify the type of notice under section 16(4) required to dispense with the hearing notice. Therefore, the court concluded that no additional notice was necessary under section 16(5) if a notice under section 16(4) had been issued. The appeals were allowed, overturning the decisions of the Tribunal and CWT(A). Case-Laws Wealth-tax Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203386