https://www.taxtmi.com/caselaws?id=12503 The court dismissed the appeals, affirming that the initiation of proceedings under section 17 of the Wealth-tax Act was time-barred as notices were issued beyond the four-year limitation period. It was held that notices must be served on all former members of a partitioned Hindu undivided family for reassessment. The court emphasized the importance of disclosing material facts and rational belief for initiating proceedings, concluding that the reassessment was invalid due to the expiration of the limitation period and lack of jurisdiction. en-us Tue, 22 May 2001 00:00:00 +0530 Wed, 03 Mar 2010 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12503 The court dismissed the appeals, affirming that the initiation of proceedings under section 17 of the Wealth-tax Act was time-barred as notices were issued beyond the four-year limitation period. It was held that notices must be served on all former members of a partitioned Hindu undivided family for reassessment. The court emphasized the importance of disclosing material facts and rational belief for initiating proceedings, concluding that the reassessment was invalid due to the expiration of the limitation period and lack of jurisdiction. Case-Laws Wealth-tax Tue, 22 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12503