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2017 (11) TMI 241 - AT - Wealth-taxInitiation of reassessment proceedings under section 17 of the Wealth Tax Act - non supply of reasons to believe - Held that:- Copy of the reasons for reopening of the assessment under Wealth Tax have not been supplied to the assessee within the period of limitation. The submissions of the assessee made before the A.O. and Ld. CWT(A) have not been rebutted by the department through any evidence or material on record. It, therefore, stands proved that the copy of the reasons for reopening of the assessment under Wealth Tax Act have not been supplied to the assessee within time. Therefore, the re-assessment is liable to be quashed - Decided in favour of assessee.
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