https://www.taxtmi.com/caselaws?id=22039 The court dismissed the writ petition challenging notices under section 17 of the Wealth-tax Act for reopening assessments for the years 1973-74 and 1974-75. The petitioner, a shareholder, was found guilty of deliberate misstatements, including false claims about notice service and share valuation. Evidence showed proper notice service and forgery in the tax officer's records. The court emphasized the petitioner's lack of transparency and imposed compensatory costs of Rs. 5,000, highlighting the importance of truthfulness in legal proceedings. en-us Tue, 06 Aug 1991 00:00:00 +0530 Sat, 05 Dec 2009 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22039 The court dismissed the writ petition challenging notices under section 17 of the Wealth-tax Act for reopening assessments for the years 1973-74 and 1974-75. The petitioner, a shareholder, was found guilty of deliberate misstatements, including false claims about notice service and share valuation. Evidence showed proper notice service and forgery in the tax officer's records. The court emphasized the petitioner's lack of transparency and imposed compensatory costs of Rs. 5,000, highlighting the importance of truthfulness in legal proceedings. Case-Laws Wealth-tax Tue, 06 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22039