1979 (1) TMI 141 - AT - Wealth-tax

Summary

The appeal by the Revenue was allowed by the Appellate Tribunal ITAT Jabalpur. The penalty for late filing of the return of wealth-tax imposed on the assessee was reinstated as the AAC's order canceling the penalty was deemed invalid due to the Commissioner's order rejecting the application for waiver. The order of the WTO was restored. (Case: Appellate Tribunal ITAT Jabalpur, Citation: 1979 (1) TMI 141 - ITAT Jabalpur)