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COMMISSIONER OF INCOME-TAX/WEALTH TAX COMPANIES ZONE-I, LAHORE versus MEHFIL, CINEMA (PVT.) LTD.


Sections 16 (3), 17 and 27 Reopening Assessment Assessment Assessment of Wealth Tax for the Appeal Year 1999 was finalized in the High Court for the year 1999, but after the Income, Tax Appeal Tribunal. Was dismissed on appeal. A notice was issued under Section 17, Wealth Tax Act, 1963, after which the fact and the circumstances under which the verification of the Act was finalized under section 16 (3) of the Income Tax Appellate Tribunal, when that assessment was made. It was permissible to revoke the order after the original assessment on technical defects was completed under section 16 (3) of the Act after reopening the case under section 17.

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