https://www.taxtmi.com/caselaws?id=9560 The Tribunal upheld the original assessments and set aside the Commissioner's order under section 25(2) of the Wealth-tax Act, ruling in favor of the assessee. The decision was based on the acceptance of the wife's explanation regarding the ownership and valuation of the gold ornaments, emphasizing the lack of concrete evidence to challenge her claims. The Tribunal highlighted the importance of substantial evidence in revisional proceedings, concluding that the Commissioner's actions were not justified. en-us Wed, 10 Aug 2005 00:00:00 +0530 Sat, 27 Jun 2009 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9560 The Tribunal upheld the original assessments and set aside the Commissioner's order under section 25(2) of the Wealth-tax Act, ruling in favor of the assessee. The decision was based on the acceptance of the wife's explanation regarding the ownership and valuation of the gold ornaments, emphasizing the lack of concrete evidence to challenge her claims. The Tribunal highlighted the importance of substantial evidence in revisional proceedings, concluding that the Commissioner's actions were not justified. Case-Laws Wealth-tax Wed, 10 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9560