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2020 (12) TMI 1059 - AT - Wealth-taxWealth tax assessment - whether property was let out and rental income was shown in the income tax returns filed for the relevant assessment years or not? - claim of the assessee that none of the assets are coming within the meaning of assets as defined u/s.2(ea) of the Wealth Tax Act, 1957, therefore, one more opportunity of hearing may be given to the assessee to go before the Assessing Officer to explain with necessary evidence and prove that assets are not coming within the ambit of Wealth Tax Act - HELD THAT:- As considered the arguments of the assessee in light of the fact that the learned CWT(A) has decided the appeals without waiting for remand report called for from the Assessing Officer despite the fact that he himself has called for remand report regarding certain additional evidences filed by the assesse. Therefore, we are of the considered view that appeals filed by the assessee needs to go back to the file of the Assessing Officer to re-verify the averments made by the assessee in light of various evidences and to decide whether those assets are coming within the meaning of asset as defined u/s.2(ea) of the Wealth Tax Act, 1957. Hence, we set aside both the appeals filed by the assessee to the file of the Assessing Officer and direct him to redo the assessment after considering various evidences filed by the assessee.
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