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2019 (2) TMI 199 - AT - Wealth-taxValidity of Wealth Tax Assessments - section 25 (2) of Wealth Tax Act - whether inquires were carried out by the ld. WTO, during the course of the assessments? - Held that:- When a ld. WTO, who is having a duty to do a Wealth Tax assessment after conducting enquiry which are required of him, in discharge of his duties, does not do so, there is a clear non application of mind. Merely because details were filed by assessee or claim was made through a return would not make it a case, where necessary enquiries required under the Act were carried out - thus, there was indeed a lack of enquiry on the aspect of cash balance held by the respective assessees and such lack of enquiry rendered the Wealth Tax Assessments erroneous and prejudicial to the interest of the Revenue. Ld PCWT was justified in holding so. There are no reasons to interfere with the orders of the ld. PCWT(A) - the appeals of the assessee are dismissed.
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