1984 (1) TMI 120

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.... the asst. yr. 1978-79. 2. The assessment for the year 1978-79 was completed by the WTO on the basis of the return of net wealth filed on 28th June, 1979. This return was due on 15th Sept., 1978. The assessment was completed on 29th Dec., 1979. Thereafter, the CWT called for the record and considering that the above said assessment made by the WTO was erroneous so as to be prejudicial to the in....

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.... CTR (P & H) 99 : (1978) 112 ITR 445 (P & H); (ii) CIT vs. Narpat Singh Malkhan Singh (1980) 19 CTR (MP) 302 : (1981) 128 ITR 77 (MP); and (iii) Addl. CIT vs. J.K. D'costa (1981) 25 CTR (Del) 224 : (1982) 133 ITR 7 (Del), the ld. counsel for the assessee submitted that the CWT had no basis to come to a conclusion that the assessment made by the WTO was erroneous so as to be prejudicial to....

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..... CIT vs. Kantilal Jain (1980) 125 ITR 373 (MP); and (iii) Addl. CIT vs. Nathoolal Balram (1980) 25 ITR 596 (MP). 5. We have duly considered the submissions made by both the sides. We have also perused the authorities cited and we find that a similar issue came before us in the case of M/s Harsaram Dass Sita Ram in ITA No. 799/81 relating to the asst. yr. 1979-80 and vide our order dt. 18th ....