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TMI Blog1982 (6) TMI 43X X X X Extracts X X X X X X X X Extracts X X X X ..... of Wealth-tax, North Eastern Region, Shillong, passed under s. 18(2A) of the W.T. Act, 1957 (hereinafter referred to as "the Act "). The assessee in the present cases submitted returns under the W.T. Act, for the assessment years 1969-70 to 1971-72, voluntarily before the WTO, B-Ward, Gauhati. The returns were, however, submitted beyond the prescribed time. The WTO issued notice under s. 18(2) o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... On the basis of the aforesaid findings the Commissioner came to the conclusion that the assessee was entitled to relief under s. 18(2A) of the W.T. Act. The Commissioner of Wealth-tax accordingly reduced the penalty to 25% of the minimum imposable under the Act. By the present petitions the assessee has challenged the said order of the Commissioner of Wealth-tax on the ground that all the condit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be supported by reasons. The rule requiring reasons to be given in support of an order is, like the principle of audi alteram partem, a basic principle of natural justice which must inform every quasi-judicial process. This rule must be observed in its proper spirit and a mere pretence of compliance with it would not satisfy the requirement of law. In the instant cases, the Commissioner was full ..... X X X X Extracts X X X X X X X X Extracts X X X X
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