https://www.taxtmi.com/caselaws?id=20211 HC held that, under the Wealth-tax Act, the Appellate Assistant Commissioner's powers under s.23(5) and the Tribunal's powers under s.24(5) are identically worded and coextensive with those of the Assessing Officer, including the power of enhancement. Consequently, the Tribunal possesses jurisdiction to entertain additional grounds in appeal even if such grounds were not urged before the Assessing Officer or the first appellate authority, provided they arise from the same assessment proceedings. However, admission of such additional grounds is not a matter of right but lies within the appellate authority's discretion, to be exercised on relevant considerations. The challenge to the Tribunal's jurisdiction was therefore rejected. en-us Thu, 30 Apr 1992 00:00:00 +0530 Thu, 11 Dec 2025 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20211 HC held that, under the Wealth-tax Act, the Appellate Assistant Commissioner's powers under s.23(5) and the Tribunal's powers under s.24(5) are identically worded and coextensive with those of the Assessing Officer, including the power of enhancement. Consequently, the Tribunal possesses jurisdiction to entertain additional grounds in appeal even if such grounds were not urged before the Assessing Officer or the first appellate authority, provided they arise from the same assessment proceedings. However, admission of such additional grounds is not a matter of right but lies within the appellate authority's discretion, to be exercised on relevant considerations. The challenge to the Tribunal's jurisdiction was therefore rejected. Case-Laws Wealth-tax Thu, 30 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20211