https://www.taxtmi.com/caselaws?id=406903 The Tribunal remanded the assessee's appeals for A.Ys 2003-04 & 2004-05 back to the AO for reconsideration in accordance with law. The AO was directed to reevaluate properties at Banjara Hills and Madhapur based on CBDT Circular guidelines and verify the existence of movable assets during the relevant financial year. The Tribunal emphasized the importance of following legal procedures and guidelines in wealth tax assessments, allowing the appeals for statistical purposes to ensure the assessee's right to a fair hearing. en-us Wed, 21 Apr 2021 00:00:00 +0530 Wed, 28 Jul 2021 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406903 The Tribunal remanded the assessee's appeals for A.Ys 2003-04 & 2004-05 back to the AO for reconsideration in accordance with law. The AO was directed to reevaluate properties at Banjara Hills and Madhapur based on CBDT Circular guidelines and verify the existence of movable assets during the relevant financial year. The Tribunal emphasized the importance of following legal procedures and guidelines in wealth tax assessments, allowing the appeals for statistical purposes to ensure the assessee's right to a fair hearing. Case-Laws Wealth-tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406903