1986 (4) TMI 119 - AT - Wealth-tax

Summary

The penalty under section 18(1)(a) of the Wealth-tax Act was imposed on the minor-assessee by the WTO for a belated return filed by the guardian. However, as per the legal position, the minor cannot be penalized for an action he did not participate in. The penalty was deleted as no legal obligation was imposed on the minor or the guardian to file the return. The appeal succeeded.