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Wealth-tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

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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