1990 (8) TMI 127 - HC - Wealth-tax

Summary

The High Court of Patna held that the Wealth-tax Officer was justified in rectifying assessment orders under section 35 of the Wealth-tax Act. The Tribunal's decision was overturned based on a Supreme Court ruling. The court ruled against the assessee and ordered each party to bear their own costs. The decision was communicated to the Income-tax Appellate Tribunal, Patna Bench.