1992 (2) TMI 59 - HC - Wealth-tax

Summary

The application under section 27(3) of the Wealth-tax Act sought a reference framing a question of law regarding the deletion of penalty under section 18(1)(a). The Tribunal's decision to delete the penalty was based on procedural irregularities, specifically the lack of notice of hearing before imposing the penalty. The High Court rejected the application, stating that no substantial question of law was involved. The application was dismissed.