https://www.taxtmi.com/caselaws?id=292941 The Tribunal upheld the CIT(A)'s order regarding the assessment under sections 17 and 16(3) of the Wealth Tax Act for the assessment year 2005-06. The Tribunal emphasized the principle of consistency in tax proceedings, stating that the revenue cannot challenge relief granted to an assessee in one year after accepting it in another year. As the Assessing Officer did not challenge the relief granted to the assessee in the previous assessment year, the Tribunal dismissed the revenue's appeal without considering the merits of the case. en-us Thu, 31 May 2012 00:00:00 +0530 Thu, 14 Jan 2021 15:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292941 The Tribunal upheld the CIT(A)'s order regarding the assessment under sections 17 and 16(3) of the Wealth Tax Act for the assessment year 2005-06. The Tribunal emphasized the principle of consistency in tax proceedings, stating that the revenue cannot challenge relief granted to an assessee in one year after accepting it in another year. As the Assessing Officer did not challenge the relief granted to the assessee in the previous assessment year, the Tribunal dismissed the revenue's appeal without considering the merits of the case. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292941