1989 (8) TMI 41 - HC - Wealth-tax

Summary

The High Court of Delhi dismissed the petition of the assessee for the assessment year 1967-68 regarding the validity of the reassessment under section 17(1)(a) of the Wealth-tax Act. The Tribunal remanded the case to the Assistant Commissioner to determine the validity of the notice and the proper valuation of the property. The petition was deemed premature as the assessee had the opportunity to raise all contentions before the Assistant Commissioner. The petition was dismissed with no costs.