https://www.taxtmi.com/caselaws?id=23296 The court directed the Tribunal to refer the question of the applicability of Rule 2B(2) of the Wealth-tax Rules for consideration, emphasizing that the principle of res judicata does not apply to tax matters across different years. The court noted the need for a review of the material evidence to assess whether the Revenue met its burden. The issue of exemption under Section 5(1)(xxxii) was not pursued further as the Wealth-tax Officer's decision was not contested by the Revenue. en-us Wed, 20 Dec 1989 00:00:00 +0530 Fri, 18 Dec 2009 11:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23296 The court directed the Tribunal to refer the question of the applicability of Rule 2B(2) of the Wealth-tax Rules for consideration, emphasizing that the principle of res judicata does not apply to tax matters across different years. The court noted the need for a review of the material evidence to assess whether the Revenue met its burden. The issue of exemption under Section 5(1)(xxxii) was not pursued further as the Wealth-tax Officer's decision was not contested by the Revenue. Case-Laws Wealth-tax Wed, 20 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23296