https://www.taxtmi.com/caselaws?id=21109 The court ruled in favor of the petitioner, a Hindu undivided family, in a challenge against notices issued by the Wealth-tax Officer under section 17 of the Wealth-tax Act for assessment years 1973-74 to 1978-79. The court found that the petitioner had fully disclosed all material facts necessary for net wealth assessment, as evidenced by submitted statements. It was determined that the Wealth-tax Officer had no valid grounds to issue notices for escaped assessment under sections 17(1)(a) and 17(1)(b) of the Act. The court quashed the notices and restrained further action by the respondents, affirming the petitioner's position on disclosure and rejecting the jurisdiction of the Wealth-tax Officer. en-us Wed, 15 Jan 1992 00:00:00 +0530 Fri, 20 Nov 2009 11:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21109 The court ruled in favor of the petitioner, a Hindu undivided family, in a challenge against notices issued by the Wealth-tax Officer under section 17 of the Wealth-tax Act for assessment years 1973-74 to 1978-79. The court found that the petitioner had fully disclosed all material facts necessary for net wealth assessment, as evidenced by submitted statements. It was determined that the Wealth-tax Officer had no valid grounds to issue notices for escaped assessment under sections 17(1)(a) and 17(1)(b) of the Act. The court quashed the notices and restrained further action by the respondents, affirming the petitioner's position on disclosure and rejecting the jurisdiction of the Wealth-tax Officer. Case-Laws Wealth-tax Wed, 15 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21109