1989 (3) TMI 74 - HC - Wealth-tax

Summary

The High Court of Gujarat set aside the order of the Commissioner of Wealth-tax regarding a penalty waiver petition and remanded the matter for fresh consideration. The Commissioner was directed to decide on the waiver request for assessment years 1967-68, 1968-69, and 1969-70 within three months. The petitioners had paid the wealth-tax and provided evidence, so the case was sent back for reevaluation.