https://www.taxtmi.com/caselaws?id=278468 The Appellate Tribunal allowed all appeals filed by the Assessee for the assessment years 2009-10, 2010-11, 2012-13, and 2013-14. The Tribunal found that the order passed by the Principal Commissioner of Wealth Tax under section 25(2) was without jurisdiction due to the absence of an order under section 16(3). Additionally, the Tribunal determined that the order regarding the set off of debts against the asset 'cash on hand' was based on a change of opinion and not permissible for revision. Consequently, the Tribunal annulled the orders and allowed the appeals of the assessee for the mentioned assessment years. en-us Mon, 24 Sep 2018 00:00:00 +0530 Mon, 04 Feb 2019 19:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278468 The Appellate Tribunal allowed all appeals filed by the Assessee for the assessment years 2009-10, 2010-11, 2012-13, and 2013-14. The Tribunal found that the order passed by the Principal Commissioner of Wealth Tax under section 25(2) was without jurisdiction due to the absence of an order under section 16(3). Additionally, the Tribunal determined that the order regarding the set off of debts against the asset 'cash on hand' was based on a change of opinion and not permissible for revision. Consequently, the Tribunal annulled the orders and allowed the appeals of the assessee for the mentioned assessment years. Case-Laws Wealth-tax Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278468