1983 (9) TMI 100 - AT - Wealth-tax

Summary

The appeals filed by the assessee were allowed by the Appellate Tribunal ITAT Ahmedabad-C. The CWT wrongly invoked provisions of s. 25(2) of the Act, and the order was set aside, restoring that of the WTO. The decision of the Madras High Court in the case of CWT vs. Vasantha was accepted by the Board, making it binding on the IT department. The appeals involve a common ground and were disposed of by a common order.