Concealment of wealth - assessee has not filed wealth tax return ...

Case Laws Wealth-tax

February 1, 2021

Concealment of wealth - assessee has not filed wealth tax return u/s.14 - penalty proceedings u/s.18(1)(c) - The component of wealth based on the admission of return of wealth after the issuance of notice for reopening could not fall within mischief of explanation 3 of section 18(1)(c) of the Act. - No penalty - AT

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Concealment of wealth - assessee has not filed wealth tax return ...

Case Laws Wealth-tax

February 1, 2021

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