https://www.taxtmi.com/caselaws?id=16316 The court held that the reassessment notices issued under section 17 of the Wealth-tax Act for the assessment years 1985-86 to 1988-89 were within jurisdiction based on the receipt of valuation reports post original assessments. The court dismissed the writ petitions challenging the reassessment notices as not maintainable, directing the petitioner to pursue statutory remedies and participate in departmental proceedings. The judgment emphasized the significance of "reason to believe" in reassessment proceedings and the need for taxpayers to exhaust statutory remedies before seeking judicial intervention. en-us Fri, 05 Mar 1999 00:00:00 +0530 Sat, 05 Sep 2009 18:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16316 The court held that the reassessment notices issued under section 17 of the Wealth-tax Act for the assessment years 1985-86 to 1988-89 were within jurisdiction based on the receipt of valuation reports post original assessments. The court dismissed the writ petitions challenging the reassessment notices as not maintainable, directing the petitioner to pursue statutory remedies and participate in departmental proceedings. The judgment emphasized the significance of "reason to believe" in reassessment proceedings and the need for taxpayers to exhaust statutory remedies before seeking judicial intervention. Case-Laws Wealth-tax Fri, 05 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16316