1975 (7) TMI 78 - AT - Wealth-tax

Summary

The Revenue appealed against the deletion of a penalty of Rs. 1,830 imposed by the WTO for delayed filing of return by the assessee HUF for the assessment year 1964-65. The AAC set aside the penalty due to incorrect designation in the notices. However, the ITAT held that the notices were valid as the ITO was authorized to act as WTO. The appeal was dismissed as the penalty was imposed without the necessary approval of the Inspecting Asstt. CWT.