https://www.taxtmi.com/caselaws?id=380135 An assessee may challenge the validity of the foundational reassessment in an appeal against a revisional order where the reassessment is the basis of the revisional action, including a jurisdictional objection not raised earlier. Where reopening under the wealth-tax provisions was unsupported by recorded reasons and the assessment record did not disclose reasons showing escapement of wealth, the reassessment was jurisdictionally defective. On that basis, the revisional order could not survive and was quashed, with relief to the assessee. en-us Mon, 13 May 2019 00:00:00 +0530 Tue, 14 May 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380135 An assessee may challenge the validity of the foundational reassessment in an appeal against a revisional order where the reassessment is the basis of the revisional action, including a jurisdictional objection not raised earlier. Where reopening under the wealth-tax provisions was unsupported by recorded reasons and the assessment record did not disclose reasons showing escapement of wealth, the reassessment was jurisdictionally defective. On that basis, the revisional order could not survive and was quashed, with relief to the assessee. Case-Laws Wealth-tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380135