2021 (7) TMI 513

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.... For the Petitioner (in all W.Ps) : Mr.Suhrith Parthasarathy For the Respondent (in all W.Ps) : Ms.Hema Muralikrishnan Senior Standing Counsel COMMO N O RDER By this common order, all the writ petitions are being disposed of. 2. In these writ petitions, the petitioner has challenged the assessment orders dated 15.03.2016 passed under Section 18(1)(c) of the Wealth Tax Act, 1957. The im....

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....ion of the Gujarat High Court in Arvind Mills Ltd., Vs Assistant Commissioner of Wealth Tax, [2004] 270 ITR 467, wherein, the Division Bench of this Court following the decision of the Hon'ble Supreme Court in G.K.N.Driveshafts Case (Referred to supra) and held that the respondent enjoined to pass a speaking order. 5. The learned senior standing counsel for the respondent submits that the i....

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....f the Wealth Tax Act Section 147 of the Income Tax Act If the Assessing Officer (has to believe) that the net wealth chargeable to tax in respect of which any person is assessable under this Act has escaped assessment for any assessment year (whether by reason of under- assessment or assessment at too low a rate or otherwise), he may, subject to the other provisions of this section and secti....

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.... so far as may be, apply as if the returns were a return required to be furnished under section 14 of this Act. If the [Assessing] Officer [has reason to believe] that any income chargeable to tax has escaped assessment for any assessment year, he may, subject to the provisions of sections 148 to 153, assess or reassess such income and also any other income chargeable to tax which has escaped a....