1978 (9) TMI 94

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....ax and assessment was made under s. 16(1) of the WT Act and no appeal lies against such assessment. 2. The assessee has filed a return declaring total wealth at Rs. 1,37,940. This was accepted under s. 16(1) of the WT Act by the WTO, Satna. 3. The assessee filed an appeal against that order claiming exemption under s. 5(1)(xxxii) of the WT Act. The AAC as observed did not decide the point on....

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....ractice of Income-tax, page 853. It was urged that since the wealth as shown in the return was accepted, the assessee could not have any grievance against the assessment. 7. This argument cannot be accepted because the language used in s. 246 of the IT Act and s. 23(1) of the WT Act is materially different. Under s. 246 an appeal can be filed only if an assessee is aggrieved. He cannot be so ag....