1990 (6) TMI 12 - HC - Wealth-tax

Summary

The High Court of Kerala upheld the validity of proceedings under section 35 of the Wealth-tax Act, 1957, in response to a question raised by the Income-tax Appellate Tribunal. The court found that there was a mistake apparent from the records, leading to the conclusion that section 35 was properly invoked. The judgment favored the Revenue and ruled against the assessee for the assessment years 1974-75 and 1975-76.