1975 (7) TMI 78

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..... st. yr. 1964-65. 2. The assessee is a HUF. For the said assessment year return of net wealth due to be furnished under s. 14(1), WT Act, had to be furnished by 30th June, 1964. It was actually furnished on 30th June, 1969. The WTO initiated penalty proceedings against the assessee for delayed furnishing of the return and imposed a penalty of Rs. 1,830. The assessee furnished no explanation for .....

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..... scribed himself as ITO. In other words, it was urged that the said notices could be said to be bad only if the ITO signing those notices had not been authorised to perform the functions of WTO under the WT Act. The fact that the ITO signing the notices in question had been authorised to perform the functions of WTO under the WT Act was not assailed before us on the assessee's side. We, therefore, .....

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