https://www.taxtmi.com/caselaws?id=58759 The Tribunal dismissed all appeals, affirming the Appellate Assistant Commissioner's decision to annul the reassessments under s. 17(1)(a) and s. 17(1)(b) of the Wealth-tax Act. It was held that there was no failure to disclose material facts, rendering s. 17(1)(a) inapplicable. The reassessment under s. 17(1)(b) for the assessment year 1972-73 was also annulled as the provided information did not meet the criteria. The Tribunal emphasized adherence to specific clauses for reassessment and rejected the validity of the reference to the Valuation Officer due to the invalid reopening of assessments. en-us Fri, 02 Mar 1984 00:00:00 +0530 Tue, 21 Dec 2010 18:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58759 The Tribunal dismissed all appeals, affirming the Appellate Assistant Commissioner's decision to annul the reassessments under s. 17(1)(a) and s. 17(1)(b) of the Wealth-tax Act. It was held that there was no failure to disclose material facts, rendering s. 17(1)(a) inapplicable. The reassessment under s. 17(1)(b) for the assessment year 1972-73 was also annulled as the provided information did not meet the criteria. The Tribunal emphasized adherence to specific clauses for reassessment and rejected the validity of the reference to the Valuation Officer due to the invalid reopening of assessments. Case-Laws Wealth-tax Fri, 02 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58759