https://www.taxtmi.com/caselaws?id=56822 Section 17(2) of the Wealth-tax Act, 1957 excludes the normal limitation period only where reassessment is made in consequence of, or to give effect to, a finding or direction in an appellate order. An incidental observation in proceedings concerning another assessee, stating that disputed houses belonged to the present assessee, was not a binding finding or direction necessary for the assessee's own assessment years. The reopening therefore amounted to escaped assessment made beyond limitation, so the reassessments could not be sustained and were annulled. en-us Fri, 15 Dec 1989 00:00:00 +0530 Mon, 06 Dec 2010 18:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56822 Section 17(2) of the Wealth-tax Act, 1957 excludes the normal limitation period only where reassessment is made in consequence of, or to give effect to, a finding or direction in an appellate order. An incidental observation in proceedings concerning another assessee, stating that disputed houses belonged to the present assessee, was not a binding finding or direction necessary for the assessee's own assessment years. The reopening therefore amounted to escaped assessment made beyond limitation, so the reassessments could not be sustained and were annulled. Case-Laws Income Tax Fri, 15 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56822