2001 (6) TMI 12

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..... assessment of the assessee was finalised. The wealth-tax was, as required by law, levied on his net wealth as on the valuation date. Long thereafter, the property, which had been valued at a lower figure was sold at a price which was more than the amount for which it had been valued at the time the assessment for the year 1982-83 was made. The attempt on the part of the Revenue to reopen the asses .....

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