1988 (11) TMI 131

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....87 passed by the Commissioner of Wealth-tax (Appeals)-II,New Delhi, in respect of assessment year 1982-83, the related assessment having been framed on 2nd of December, 1985 under section 16(3) of the Wealth-tax Act, 1957. The valuation date as mentioned in the assessment order was31st March, 1982. 2. The first grievance is that the Commissioner of Wealth-tax (Appeals) erred in not directing de....

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....Advocate, very persistently reiterated the contention raised before the lower authorities and for the Revenue, Shri R.V. Ramanan, Deptt. Representative, with equal force supported the order of the Commissioner of Wealth-tax (Appeals) particularly in relation to question Nos. 1 and 2. 3. As far as the first issue is concerned, though in the original return, the assessee added Rs. 90,270 which re....

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....0 and salary between22nd December, 1980to31st March, 1981amounted to Rs. 38,720. In the revised wealth-tax return filed for the valuation date 31st March, 1982, the assessee's claim was that it had received excess salary amounting to Rs. 90,250 and though for the financial year ending 31st March, 1982 the excess remuneration was of the order of Rs. 72,000 for the period up to 31-3-1981, the excess....