High Court directs Appellate Tribunal to refer common question of law on penalty under Wealth-tax Act

The High Court of Allahabad directed the Appellate Tribunal to refer a common question of law regarding the penalty under section 18(1)(c) of the Wealth-tax Act, 1957 for assessment years 1975-76 and 1976-77. The applications by the assessee were partly allowed.

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The High Court of Allahabad directed the Appellate Tribunal to refer a common question of law regarding the penalty under section 18(1)(c) of the Wealth-tax Act, 1957 for assessment years 1975-76 and 1976-77. The applications by the assessee were partly allowed. (Case citation: 1988 (12) TMI 101 - ALLAHABAD High Court)

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