https://www.taxtmi.com/caselaws?id=181472 The Tribunal partially allowed the appeals for the assessment years 2001-02 and 2002-03 and fully allowed the appeal for the assessment year 2003-04. The re-assessment proceedings initiated by the Assessing Officer were deemed valid due to the appellant's failure to file wealth tax returns. Additionally, the let-out godowns were excluded as assets for wealth tax calculation based on their classification as commercial establishments, leading to the Tribunal vacating the decisions of the lower authorities. en-us Fri, 06 May 2011 00:00:00 +0530 Mon, 18 Apr 2016 14:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181472 The Tribunal partially allowed the appeals for the assessment years 2001-02 and 2002-03 and fully allowed the appeal for the assessment year 2003-04. The re-assessment proceedings initiated by the Assessing Officer were deemed valid due to the appellant's failure to file wealth tax returns. Additionally, the let-out godowns were excluded as assets for wealth tax calculation based on their classification as commercial establishments, leading to the Tribunal vacating the decisions of the lower authorities. Case-Laws Wealth-tax Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181472