https://www.taxtmi.com/caselaws?id=36432 The court quashed all reopening notices under Section 17 of the Wealth Tax Act in the 11 writ petitions. It held that Section 16A cannot be used for reopening completed assessments, and audit reports are insufficient grounds for reopening. The court stressed the duty of assessees to disclose primary facts and the WTO's obligation to investigate thoroughly. The respondents were barred from reopening completed assessments, and each party was ordered to bear their own costs. en-us Tue, 26 Feb 1980 00:00:00 +0530 Fri, 14 Jul 2017 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36432 The court quashed all reopening notices under Section 17 of the Wealth Tax Act in the 11 writ petitions. It held that Section 16A cannot be used for reopening completed assessments, and audit reports are insufficient grounds for reopening. The court stressed the duty of assessees to disclose primary facts and the WTO's obligation to investigate thoroughly. The respondents were barred from reopening completed assessments, and each party was ordered to bear their own costs. Case-Laws Wealth-tax Tue, 26 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36432