1995 (8) TMI 38

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..... the Wealth-tax Act, 1957 (hereinafter referred to as the "Act"), has referred the following question of law, which arose out of the order of the Appellate Tribunal, to this court for opinion : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in upholding the penalty levied against Smt. Shibani Dutta alone as legal representative of the late Bhutnat .....

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..... xercise of the power under section 18(1)(a) of the Act, levied penalty to the tune of Rs. 13,500 and Rs. 11,109 in respect of the assessment years 1971-72 and 1972-73, respectively. The assessee preferred appeals against the orders levying penalty before the Appellate Assistant Commissioner. The Appellate Assistant Commissioner allowed the appeals partly, condoning the delay in filing the returns .....

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..... anding counsel for the Department. On similar facts, an identical question of law was referred by the learned Appellate Tribunal for the opinion of this court, which, according to the learned Tribunal, arose out of the orders upholding the levy of penalties on the assessee, Smt. Shibani Dutta, for the delay in filing the income-tax returns on and from December 1, 1973, in respect of the assessme .....

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