https://www.taxtmi.com/caselaws?id=59984 The Income Tax Appellate Tribunal (ITAT) annulled the order of the Chief Wealth Tax Officer (CWT) as it was found to be unsustainable both factually and legally. The ITAT ruled that the CWT lacked jurisdiction to initiate proceedings under s. 25(2) of the Wealth Tax Act based on documents not part of the original assessment records. The ITAT allowed the appeals by the assessee, citing the decision in the case of Ganga Properties and emphasizing the importance of adhering to the assessment procedures outlined in the law. en-us Fri, 11 Nov 1983 00:00:00 +0530 Mon, 03 Jan 2011 11:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59984 The Income Tax Appellate Tribunal (ITAT) annulled the order of the Chief Wealth Tax Officer (CWT) as it was found to be unsustainable both factually and legally. The ITAT ruled that the CWT lacked jurisdiction to initiate proceedings under s. 25(2) of the Wealth Tax Act based on documents not part of the original assessment records. The ITAT allowed the appeals by the assessee, citing the decision in the case of Ganga Properties and emphasizing the importance of adhering to the assessment procedures outlined in the law. Case-Laws Wealth-tax Fri, 11 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59984