https://www.taxtmi.com/caselaws?id=12841 The High Court upheld the decisions of the CIT(A) and the Tribunal, confirming that the assessment orders under section 16(4) of the Wealth-tax Act were invalid and void ab initio due to the lack of recorded reasons before issuing notices under section 17. The Court emphasized that the requirement to record reasons before issuing notices became mandatory only from April 1, 1989, and as the notices in question were issued after this date, the amended provisions applied. Consequently, the appeals were dismissed, with the Assessing Officer retaining the right to take remedial measures as per the law. en-us Thu, 09 Aug 2001 00:00:00 +0530 Fri, 22 May 2009 14:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12841 The High Court upheld the decisions of the CIT(A) and the Tribunal, confirming that the assessment orders under section 16(4) of the Wealth-tax Act were invalid and void ab initio due to the lack of recorded reasons before issuing notices under section 17. The Court emphasized that the requirement to record reasons before issuing notices became mandatory only from April 1, 1989, and as the notices in question were issued after this date, the amended provisions applied. Consequently, the appeals were dismissed, with the Assessing Officer retaining the right to take remedial measures as per the law. Case-Laws Income Tax Thu, 09 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12841