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Wealth-tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Wealth tax assessment - Period of limitation - Order was passed ...

Case Laws     Wealth-tax

December 27, 2019

Wealth tax assessment - Period of limitation - Order was passed beyond period of one year as required u/s 17A(2) of the WT Act, and consequently the penalty proceedings initiated u/s 18(1)(c) - Wealth Tax Officer will have to consider this issue as well - The question cannot be answered in favour of the appellant, at this stage, as raised.

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