https://www.taxtmi.com/caselaws?id=26184 The Tribunal upheld the reassessment for the assessment year 1968-69 under section 17 of the Wealth-tax Act, agreeing with the Commissioner's decision. Reassessments for the years 1965-66 to 1967-68 were set aside due to time limitations. The Tribunal ruled that the reassessments could only proceed under section 17(1)(b) and not 17(1)(a), as the assessee was not required to disclose agricultural lands annually. A reference was ordered for the assessment year 1968-69, while petitions for the earlier years were dismissed. en-us Mon, 19 Mar 1984 00:00:00 +0530 Wed, 03 Feb 2010 13:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26184 The Tribunal upheld the reassessment for the assessment year 1968-69 under section 17 of the Wealth-tax Act, agreeing with the Commissioner's decision. Reassessments for the years 1965-66 to 1967-68 were set aside due to time limitations. The Tribunal ruled that the reassessments could only proceed under section 17(1)(b) and not 17(1)(a), as the assessee was not required to disclose agricultural lands annually. A reference was ordered for the assessment year 1968-69, while petitions for the earlier years were dismissed. Case-Laws Wealth-tax Mon, 19 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26184