https://www.taxtmi.com/caselaws?id=13638 The High Court of ALLAHABAD ruled in favor of the assessee, holding that reassessment proceedings against Rani Dayawati Devi under section 17(2) of the Wealth-tax Act, 1957 were not justified as there was no specific finding or direction regarding her ownership of the properties in question. The Court affirmed the Tribunal's decision to quash the assessment orders, emphasizing that section 17(2) only applies when reassessment is made in consequence of a specific finding or direction in a court proceeding. The Court answered the first question in the affirmative, making the second question moot, and no costs were awarded. en-us Tue, 25 Jan 2005 00:00:00 +0530 Sat, 30 May 2009 17:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13638 The High Court of ALLAHABAD ruled in favor of the assessee, holding that reassessment proceedings against Rani Dayawati Devi under section 17(2) of the Wealth-tax Act, 1957 were not justified as there was no specific finding or direction regarding her ownership of the properties in question. The Court affirmed the Tribunal's decision to quash the assessment orders, emphasizing that section 17(2) only applies when reassessment is made in consequence of a specific finding or direction in a court proceeding. The Court answered the first question in the affirmative, making the second question moot, and no costs were awarded. Case-Laws Income Tax Tue, 25 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13638