https://www.taxtmi.com/circulars?id=9905 Under the Wealth-tax Act the Assessing Officer may make prima facie adjustments to net wealth declared in returns: rectify arithmetical errors; allow exemptions or deductions prima facie admissible though unclaimed; and disallow exemptions or deductions prima facie inadmissible on the basis of the return and accompanying documents. Use the illustrative list addressing exemptions and the foreign property definition as ready reference and apply the same prima facie principles to valuation issues under Schedule III. en-us Wed, 05 Dec 1990 00:00:00 +0530 Thu, 09 Jun 2011 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9905 Under the Wealth-tax Act the Assessing Officer may make prima facie adjustments to net wealth declared in returns: rectify arithmetical errors; allow exemptions or deductions prima facie admissible though unclaimed; and disallow exemptions or deductions prima facie inadmissible on the basis of the return and accompanying documents. Use the illustrative list addressing exemptions and the foreign property definition as ready reference and apply the same prima facie principles to valuation issues under Schedule III. Circulars Income Tax Wed, 05 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9905