1991 (4) TMI 121 - HC - Wealth-tax

Summary

The High Court of Bombay ruled that penalty can be imposed on the assessee under the unamended section 18(1)(a) of the Wealth-tax Act, 1957 for the period before April 1, 1969, and under the amended section 18(1)(a) for the period after that date. The judgment followed previous court decisions.