2004 (9) TMI 30

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..... e Wealth-tax Act, 1957, hereinafter referred to as "the Act", for the opinion to this court: "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in holding that the assessment order of the Wealth-tax Officer dated February 27, 1982, stood wholly merged in the appellate order dated May 27, 1983, and that hence the Commissioner of Wealth-tax had no power to interfe .....

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..... could not have been done and, therefore, valuation taken by the Assessing Officer was low and consequently, the order was erroneous and prejudicial to the interests of the Revenue, initiating proceedings under section 25(2) of the Act. He, after giving opportunity of hearing to the respondent-assessee set aside the assessment to be framed de novo. The respondent feeling aggrieved, preferred an app .....

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..... 1st day of June, 1988" and "shall be deemed always to have extended", in clause (c) of the Explanation to sub-section (2) of section 25 of the Act by the Finance Act, 1989, with effect from June 1, 1988, the Commissioner had the power to revise an order which had been the subject matter of any appeal to such matters as had not been considered and decided in such appeal. He relied upon the decision .....

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