https://www.taxtmi.com/caselaws?id=14109 The Tribunal held that the reopening of the assessment under section 17(1)(a) of the Wealth-tax Act, 1957 was unwarranted as the assessee had disclosed all primary and material facts to the Wealth-tax Officer. The High Court upheld the Tribunal's decision, ruling in favor of the assessee and emphasizing the importance of Assessing Officers' vigilance and the duty of the assessee to disclose primary facts. The judgment clarifies the responsibilities of both parties in wealth tax assessments, highlighting the need for full and truthful disclosure by the assessee and the Officer's duty to make accurate assessments. en-us Tue, 01 Dec 1998 00:00:00 +0530 Mon, 13 Jul 2009 16:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14109 The Tribunal held that the reopening of the assessment under section 17(1)(a) of the Wealth-tax Act, 1957 was unwarranted as the assessee had disclosed all primary and material facts to the Wealth-tax Officer. The High Court upheld the Tribunal's decision, ruling in favor of the assessee and emphasizing the importance of Assessing Officers' vigilance and the duty of the assessee to disclose primary facts. The judgment clarifies the responsibilities of both parties in wealth tax assessments, highlighting the need for full and truthful disclosure by the assessee and the Officer's duty to make accurate assessments. Case-Laws Wealth-tax Tue, 01 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14109