https://www.taxtmi.com/caselaws?id=20265 The Andhra Pradesh High Court ruled in a case concerning the jurisdiction of the Appellate Tribunal and the Wealth-tax Officer under section 35 of the Wealth-tax Act for the assessment years 1974-75 and 1975-76. The court held that rectification under section 35 should be based on evidence existing at the time of assessment and not on post-assessment findings. The judgment favored the assessee, emphasizing the importance of adhering to statutory provisions governing rectification procedures under the Wealth-tax Act. The High Court concluded that orders under section 35 for the mentioned assessment years were without jurisdiction. en-us Tue, 08 Mar 1994 00:00:00 +0530 Thu, 12 Nov 2009 18:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20265 The Andhra Pradesh High Court ruled in a case concerning the jurisdiction of the Appellate Tribunal and the Wealth-tax Officer under section 35 of the Wealth-tax Act for the assessment years 1974-75 and 1975-76. The court held that rectification under section 35 should be based on evidence existing at the time of assessment and not on post-assessment findings. The judgment favored the assessee, emphasizing the importance of adhering to statutory provisions governing rectification procedures under the Wealth-tax Act. The High Court concluded that orders under section 35 for the mentioned assessment years were without jurisdiction. Case-Laws Wealth-tax Tue, 08 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20265