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W.T.AS. NOS. 408/KB TO 410/KB OF 1998-99 versus W.T.AS. NOS. 408/KB TO 410/KB OF 1998-99

Section 17 of the Wealth Tax Act 1963 excludes assessing the escape of wealth, claiming that some of his Wealth Tax Returns as anonymous owner claim that Esoodi's son provided funds for the purchase of this property. Were. The son, who was assessed by the Assessing Officer in the hands of the Assamese son, reopened the Assessment case under section 17, Wealth Tax Act, 1963, and the assets were confirmed by the Assamese First Appellate Authority. Made in net wealth of The claim of review with the Assessing Officer, which was already taxed on the property in the hands of the son of the assessor, was not disputed by the department in the case in which the asset wire was purchased. Even the son-provided funds were not subject to any endorsement by the Assessing Officer; in other words, Assisi's claim that he was not the original owner of the property at the time and was merely an anonymous holder came on record by the Assigning Officer. Was denied with any evidence and the claim of the asset was an unorganized assessment of how the assets were treated as fair. The son's assets were not canceled before he was completed and before he joined the father / estate estate, did not retain re-evaluation and accordingly the appellate tribunal vacated him. jobs for fresh advocates from Feroz Watan lawyer