Penalty u/s 18(1)(c) - wealth tax - For claiming an exemption ...
Case Laws Wealth-tax
August 23, 2013
Penalty u/s 18(1)(c) - wealth tax - For claiming an exemption assesse had to include the asset in the return - Without including the same in the return filed it cannot claim exemption - Claims of exemption/deduction/rebate were not to be decided by the assesses - it was the job of the AO to entertain or rejects such claim as per the provisions of the Act - penalty confirmed - AT
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