1998 (5) TMI 8

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..... 50 per cent - - - - - Dated:- 5-5-1998 - SUJATA V. MANOHAR. and G. B. PATTANAIK. JUDGMENT Leave has been granted in the present appeal in respect of the question of penalty imposed on the appellant under section 18(1)(a) of the Wealth-tax Act which was not waived and/or reduced under section 18B of the Wealth-tax Act by the Commissioner. The assessment years involved are 1972-73 up to .....

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..... ance of any notice under section 14(2). He had also co-operated in the enquiry relating to the assessment proceedings for the said assessment years. The Commissioner, in this connection, has observed that the assessee had obtained several adjournments on various grounds, some of which "related to obtaining a valuation report". Looking to the series of adjournments, the Commissioner felt that the a .....

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