https://www.taxtmi.com/caselaws?id=55883 The Tribunal held that the CWT's order under Section 25(2) of the Wealth Tax Act was without jurisdiction and quashed it. The assessee's appeal was fully allowed, and the CWT's actions were deemed bad in law. The Tribunal emphasized that the CWT cannot base revisional decisions on subsequent materials like internal audit objections but must rely on the record available at the time of the original assessment. en-us Sat, 23 Mar 1985 00:00:00 +0530 Tue, 30 Nov 2010 15:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55883 The Tribunal held that the CWT's order under Section 25(2) of the Wealth Tax Act was without jurisdiction and quashed it. The assessee's appeal was fully allowed, and the CWT's actions were deemed bad in law. The Tribunal emphasized that the CWT cannot base revisional decisions on subsequent materials like internal audit objections but must rely on the record available at the time of the original assessment. Case-Laws Wealth-tax Sat, 23 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55883