https://www.taxtmi.com/caselaws?id=39312 The court found that the reassessment notices issued under Section 17 of the Wealth-tax Act and Section 148 of the Income-tax Act were valid. It held that the Wealth-tax Officer had the jurisdiction to initiate reassessment proceedings even after the original assessment orders had been passed. The court also upheld the validity of reassessment notices under both Acts, rejecting challenges that the original assessments did not consider certain factors. Additionally, the court clarified the applicability of Section 21 of the Wealth-tax Act and affirmed that reassessment under Section 17 was permissible, dismissing arguments regarding the limitation period for reassessment. en-us Sun, 06 Jan 1974 00:00:00 +0530 Thu, 15 Apr 2010 15:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39312 The court found that the reassessment notices issued under Section 17 of the Wealth-tax Act and Section 148 of the Income-tax Act were valid. It held that the Wealth-tax Officer had the jurisdiction to initiate reassessment proceedings even after the original assessment orders had been passed. The court also upheld the validity of reassessment notices under both Acts, rejecting challenges that the original assessments did not consider certain factors. Additionally, the court clarified the applicability of Section 21 of the Wealth-tax Act and affirmed that reassessment under Section 17 was permissible, dismissing arguments regarding the limitation period for reassessment. Case-Laws Income Tax Sun, 06 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39312