https://www.taxtmi.com/caselaws?id=13887 The court ruled in favor of the petitioners, a public charitable trust, in a case concerning the validity of a notice issued by the Wealth-tax Officer under section 17 of the Wealth-tax Act, 1957. The court held that the trust was entitled to exemptions under both the Wealth-tax Act and the Income-tax Act, as upheld by appellate orders, and that the notice alleging an escapement of wealth chargeable to tax was invalid due to lack of new evidence supporting the claim. The court emphasized the importance of jurisdictional facts and ruled in favor of the trust, declaring the notice invalid. en-us Wed, 23 May 2001 00:00:00 +0530 Sat, 04 Jul 2009 16:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13887 The court ruled in favor of the petitioners, a public charitable trust, in a case concerning the validity of a notice issued by the Wealth-tax Officer under section 17 of the Wealth-tax Act, 1957. The court held that the trust was entitled to exemptions under both the Wealth-tax Act and the Income-tax Act, as upheld by appellate orders, and that the notice alleging an escapement of wealth chargeable to tax was invalid due to lack of new evidence supporting the claim. The court emphasized the importance of jurisdictional facts and ruled in favor of the trust, declaring the notice invalid. Case-Laws Income Tax Wed, 23 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13887