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2018 (6) TMI 1333 - AT - Wealth-taxLamborghini Car for computation of wealth tax liability - ownership of the Lamborghini car was not with the assessee, therefore, the assessee was not entitled to any depreciation thereon - Held that:- CWT (Appeals) has also noted that the assessee’s appeal before the ITAT was decided in assessee’s favour. Thus, there appears to be a contradiction in the finding recorded by the Ld. CWT (A). The Ld. AR also could not shed any light on the issue. This aforementioned order of the ITAT has not been placed before us by either of the parties and nor have any supporting documents been filed by the assessee so as to enable us to appreciate the issue in right perspective. Although we are inclined to dismiss the appeal of the assessee for want of active participation in the appellate proceedings before us, in the interest of justice, we deem it fit to restore the file to the office of the Ld. CWT (A) to be adjudicated de novo after giving due opportunity to the assessee to present its case
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