1984 (7) TMI 47 - HC - Wealth-tax

Summary

The High Court of Bombay allowed the petition challenging the legality of a notice issued under section 17 of the Wealth-tax Act, 1957. The petitioner, initially claiming ownership of a property, later declared that he was not the owner, rendering the notice infructuous. The court accepted the petitioner's statement and quashed the notice as infructuous.