1986 (7) TMI 59 - HC - Wealth-tax

Summary

The High Court of Allahabad dismissed three applications under the Wealth-tax Act 1957, finding no omission or failure by the assessee to disclose all material facts for assessment. The court held that the finding was a matter of fact, similar to a previous Supreme Court ruling under the Income-tax Act. The applications were dismissed with costs of Rs. 125.