https://www.taxtmi.com/caselaws?id=56256 The Tribunal held that the reassessment proceedings by the WTO under sections 17(1)(a) and 17(1)(b) of the Wealth Tax Act were not justified. It emphasized that reassessments should not be based solely on different valuation methods when the original assessments were legally correct. The AAC's decision to cancel the reassessments was upheld, and the departmental appeals were dismissed. en-us Thu, 21 Aug 1980 00:00:00 +0530 Thu, 02 Dec 2010 17:00:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56256 The Tribunal held that the reassessment proceedings by the WTO under sections 17(1)(a) and 17(1)(b) of the Wealth Tax Act were not justified. It emphasized that reassessments should not be based solely on different valuation methods when the original assessments were legally correct. The AAC's decision to cancel the reassessments was upheld, and the departmental appeals were dismissed. Case-Laws Income Tax Thu, 21 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56256