against the notices dated March 4, 1978, issued to her by the WTO, A-Ward, Jodhpur, under Section 17 of the Act for reopening ... reopening under Section 17 issued to Smt. Kanwarani Nawal Kanwar by the WTO, A-Ward, Jodhpur.
3. Anandkumari became the victim of a murder during
February 24, 1968, respectively. The Wealth-tax Officer (for short "WTO") decided to initiate proceedings for levy of penalty under Section ... February 24, 1968, for the year 1961-62.
3. The WTO was of the opinion that there was about fifteen months' delay in filing
purpose of wealth-tax, it was contended on its behalf before the WTO that the value of the fixed assets of the assessee-company should ... according to the income-tax assessments. This contention was rejected by the WTO as in his view the written down value as per the income
Wto vs Durlabhlal Sewalal Yagnik on 17 November, 2000
Equivalent citations: (2001)71TTJ(NULL)20
ORDER
By the Bench
As the above appeals
firm had shown the closing stock in its accounts at cost, the WTO was of the view that Rule 2B(2) of the WT Rules ... margin of more than 25 per cent. The assessee contended before the WTO that the rate of GP did not establish the value
Javeri & Co. Bombay, approved valuer. This return was accepted by the WTO but exemption was not granted to the petitioners although they claimed that ... assessees-petitioners was initially rejected by the assessing authority, i.e., the WTO, but later it was accepted on appeal but again on account
declaring his total wealth as Rs. 3,57,500. The WTO, Jaipur (CC-1), Jaipur passed the assessment order on 26th March ... articles account was 21.5% and 41.38% respectively. Therefore, according to the WTO, this factually meant that the market value of closing stock in jawaharat account
Wealth Tax Rules, 1957 was attracted. While reaching this conclusion the WTO conceded that the gross profit alone could not be made the basis ... even after this deduction, Rule 2B(2) was applied. Accordingly, the WTO estimated the market value of the closing stock in the jewellery account
Wto vs Surender Singh on 22 January, 2002
Equivalent citations: (2002)75TTJ(NULL)381
ORDER
B.L. Khatri, A.M.
In this case the revenue
without reasonable cause failed to furnish the return within time. The WTO who passes an order imposing penalty under the section has to decide ... order of waiver of penalty are not to be considered by the, WTO and, similarly, the facts which the WTO has to examine under Section
