Procedure of obtaining total wealth statements.

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..... 271(1)(a) ,271(4A) Statute: Income - Tax Act, 1961 Please refer to Board's Instruction No. 46, dated the 14th May, 1969 (F. No. 1/17/69-IT(Inv.) and Confidential letter under F.No. 1/33/68-IT(I .....

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..... ties u/s 271(1)(a). The Board have decided that in cases where reduction or waiver of penalty u/s 271(1)(a) is asked for, the Commissioner of I.T., need not insist on total wealth statements as at the .....

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