https://www.taxtmi.com/caselaws?id=27324 The High Court of Madras upheld the Tribunal's decision, ruling that the reassessment made by the Wealth-tax Officer under section 17(1)(a) of the Wealth-tax Act was invalid due to the absence of a separate notification under section 8AA of the Act by the Commissioner of Income-tax. The Court emphasized that the authorization granted under section 125A(1) of the Income Tax Act did not extend to powers under the Wealth-tax Act, requiring a distinct notification for concurrent jurisdiction. Consequently, the Court affirmed the Tribunal's stance on the proceedings' validity, dismissing the Revenue's request for a reference. en-us Mon, 12 Dec 1983 00:00:00 +0530 Fri, 12 Feb 2010 11:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27324 The High Court of Madras upheld the Tribunal's decision, ruling that the reassessment made by the Wealth-tax Officer under section 17(1)(a) of the Wealth-tax Act was invalid due to the absence of a separate notification under section 8AA of the Act by the Commissioner of Income-tax. The Court emphasized that the authorization granted under section 125A(1) of the Income Tax Act did not extend to powers under the Wealth-tax Act, requiring a distinct notification for concurrent jurisdiction. Consequently, the Court affirmed the Tribunal's stance on the proceedings' validity, dismissing the Revenue's request for a reference. Case-Laws Wealth-tax Mon, 12 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27324