Wealth-Tax Officer vs Tej Partap Singh on 21 July, 1988
5. It was contended on behalf of the Revenue that the de novo assessments are made within the time prescribed under the statute in view of the position taken up by the Revenue before the learned Commissioner of Wealth-tax (Appeals) that the limitation is to be reckoned, from the date of the order of the Tribunal and not from the date of the orders of the Commissioner of Wealth-tax (Appeals). Reliance for this proposition was placed upon the judgment of the Tribunal in the case of Megha Nand v. ITO [1988] 24 ITD 276 (Delhi). It was, therefore, contended that the impugned order of the Commissioner of Wealth-tax (Appeals) may be set aside and the orders of assessment made by the Wealth-tax Officer for the years under appeal be restored.