https://www.taxtmi.com/caselaws?id=9075 The High Court held that the Appellate Assistant Commissioner has the authority to consider new evidence and make further inquiries beyond past assessments under the Wealth-tax Act. The Tribunal's restriction on the Appellate Assistant Commissioner's scope was deemed incorrect, emphasizing the need to prevent arbitrary assessments. The High Court ruled in favor of the assessee, answering the reference question negatively. The judgment did not award costs, with the concurring opinion supporting the primary judge's analysis and decision. en-us Wed, 30 May 1973 00:00:00 +0530 Fri, 19 Jun 2009 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9075 The High Court held that the Appellate Assistant Commissioner has the authority to consider new evidence and make further inquiries beyond past assessments under the Wealth-tax Act. The Tribunal's restriction on the Appellate Assistant Commissioner's scope was deemed incorrect, emphasizing the need to prevent arbitrary assessments. The High Court ruled in favor of the assessee, answering the reference question negatively. The judgment did not award costs, with the concurring opinion supporting the primary judge's analysis and decision. Case-Laws Wealth-tax Wed, 30 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9075