https://www.taxtmi.com/caselaws?id=8782 The court held that the notice issued under section 17(1)(a) of the Wealth-tax Act by the Commissioner of Wealth-tax was not valid as the assessee had fully disclosed all relevant facts in his returns. The court also found that the reassessment under section 17(1)(b) was not justified as there was no new information to warrant it, and the officer's change of opinion did not constitute a valid reason. As a result, the reassessment was set aside, and the court declined to address the issue of determining gifts made by the assessee himself. en-us Mon, 03 Apr 1972 00:00:00 +0530 Thu, 04 Jun 2009 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8782 The court held that the notice issued under section 17(1)(a) of the Wealth-tax Act by the Commissioner of Wealth-tax was not valid as the assessee had fully disclosed all relevant facts in his returns. The court also found that the reassessment under section 17(1)(b) was not justified as there was no new information to warrant it, and the officer's change of opinion did not constitute a valid reason. As a result, the reassessment was set aside, and the court declined to address the issue of determining gifts made by the assessee himself. Case-Laws Wealth-tax Mon, 03 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8782