Wealth tax assessment - Notice itself has been issued beyond the ...
Late Wealth Tax Notice Invalid: Section 16(2) Deadline Missed, Section 42 Provisions Not Applicable.
December 16, 2019
Case Laws Wealth-tax AT
Wealth tax assessment - Notice itself has been issued beyond the time prescribed u/s 16(2) of the Wealth Tax Act. Thus, according to us the provision of section 42 does not apply to a situation where the notice has not been issued within the time limit prescribed as per the act.
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