https://www.taxtmi.com/caselaws?id=11140 The High Court of Calcutta ruled in favor of the assessee in a case involving the Wealth-tax Act, 1957 for assessment years 1984-85 and 1985-86. The court held that the reassessment proceedings under an amnesty scheme replaced the original assessments entirely, rendering the Commissioner's revision order void. Emphasizing the distinction between reassessment for additional wealth and reopening the entire assessment, the court affirmed that the reassessment superseded the original assessments. This decision clarified the jurisdiction and implications of reassessment proceedings under the Wealth-tax Act, aligning with legal precedents and principles. en-us Wed, 24 Apr 2002 00:00:00 +0530 Fri, 31 Jul 2009 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11140 The High Court of Calcutta ruled in favor of the assessee in a case involving the Wealth-tax Act, 1957 for assessment years 1984-85 and 1985-86. The court held that the reassessment proceedings under an amnesty scheme replaced the original assessments entirely, rendering the Commissioner's revision order void. Emphasizing the distinction between reassessment for additional wealth and reopening the entire assessment, the court affirmed that the reassessment superseded the original assessments. This decision clarified the jurisdiction and implications of reassessment proceedings under the Wealth-tax Act, aligning with legal precedents and principles. Case-Laws Wealth-tax Wed, 24 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11140