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1980 (10) TMI 2 - HC - Wealth-tax

The High Court dismissed applications by the Commissioner of Wealth-tax for a reference under s. 27(2) of the W.T. Act regarding penalties imposed on assessees. The Tribunal's decision on liability for penalties was based on factual findings related to the calculation of wealth, not concealment. The applications were dismissed, and no costs were awarded.

 

 

 

 

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