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W.T.AS. NOS. 880/LB TO 882/LB OF 2004, 757/LB TO 759/LB OF 2004, DECIDED ON 28TH JUNE, 2005. versus W.T.AS. NOS. 880/LB TO 882/LB OF 2004, 757/LB TO 759/LB OF 2004, DECIDED ON 28TH JUNE, 2005.

Sections 17 and 17B Assessment of Escape of Property Wealth Tax Act, 1963 Resumption of Assessment Under Section 17B of the Assessment Officer Validity Assessment was issued a showcase notice under section 17B of the Wealth Tax Act 1963 And the inspector additional commissioner also allowed the reopening. Under section 17B of the Wealth Tax Act, 1963, the powers of the inspector of the Additional Commissioner to modify the order of the assessing tax officer may be revisited under section 17 of the Wealth Tax Act 1963. Not under this Section 17B, the super structure built on the wrong foundation had to be reopened because of the error which speaks of incompetence and the lack of information of the tax authorities concerned with handling the matter. Although the Assessing Officer had the final information to begin the investigation. Under section 17 (1) of the Wealth Tax Act, 1963, but the record shows that the notice has been issued to the assessee in this show for which the assessee has been assessed under Section 17B of the Wealth Tax Act, 1963. The officer's intention to reopen the assessment was clearly indicated and the inspection's additional commissioner declared the department's confession under section 17B of the Wealth Tax Act, 1963 invalid. The collision will not affect the assessment, based on a notice issued under the section of the law, the estimates were not convincing and the appellate tribunal did not vacate the confirmed orders by the appellate tribunal and the first appellate authority. was done. , Trying to initiate proceedings under the taxation of six canals of land under real estate tax advocates from Sihala lawyer