https://www.taxtmi.com/caselaws?id=215880 The tribunal upheld the validity of the notice issued under Section 17 of the Wealth Tax Act for reopening the assessment, based on information gathered during income tax assessment proceedings. Additionally, the tribunal affirmed the addition of Rs. 5,00,91,438 to the net wealth of the assessee, ruling that the property let out by the assessee did not qualify as a commercial establishment or complex under the Wealth Tax Act. As a result, the appeal filed by the assessee was dismissed. en-us Fri, 11 May 2012 00:00:00 +0530 Tue, 21 Aug 2012 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215880 The tribunal upheld the validity of the notice issued under Section 17 of the Wealth Tax Act for reopening the assessment, based on information gathered during income tax assessment proceedings. Additionally, the tribunal affirmed the addition of Rs. 5,00,91,438 to the net wealth of the assessee, ruling that the property let out by the assessee did not qualify as a commercial establishment or complex under the Wealth Tax Act. As a result, the appeal filed by the assessee was dismissed. Case-Laws Wealth-tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215880