1980 (7) TMI 114 - AT - Wealth-tax

Summary

The Appellate Tribunal ITAT Amritsar allowed the Deptl. WT appeal for the asst. yr. 1975-76, disagreeing with the order of AAC of WT granting the status of HUF. The AAC admitted new evidence without confronting the WTO, leading to the order being vacated and assessment set aside for reconsideration. The appeal of the Revenue was treated as allowed for statistical purposes.