1996 (2) TMI 117 - HC - Wealth-tax

Appropriate Authority, Movable Property, Purchase Of Immovable Property By Central Government, Transfer Of Property

Summary

The High Court of Allahabad was asked if the Tribunal could consider new facts during rectification proceedings that were not considered during the appeal. The Tribunal rectified an error in factual position but maintained that there was no concealment by the assessee. The High Court ruled in favor of the assessee, stating that the Tribunal did not consider new facts during rectification. The case was remanded to the Appellate Tribunal for a fresh order.