https://www.taxtmi.com/caselaws?id=60317 The tribunal allowed the assessee's appeals, holding that the Income-tax Commissioner's action to revise assessments based on share valuations was beyond the limitation period and lacked jurisdiction. The tribunal emphasized that the orders were only to assess undisclosed wealth under the Amnesty Scheme and that the Commissioner's actions were illegal. The tribunal quashed the order, citing support from a precedent set by the Calcutta High Court and distinguishing the case laws relied upon by the Commissioner. en-us Wed, 31 Mar 1993 00:00:00 +0530 Tue, 04 Jan 2011 16:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60317 The tribunal allowed the assessee's appeals, holding that the Income-tax Commissioner's action to revise assessments based on share valuations was beyond the limitation period and lacked jurisdiction. The tribunal emphasized that the orders were only to assess undisclosed wealth under the Amnesty Scheme and that the Commissioner's actions were illegal. The tribunal quashed the order, citing support from a precedent set by the Calcutta High Court and distinguishing the case laws relied upon by the Commissioner. Case-Laws Wealth-tax Wed, 31 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60317