Petition Dismissed: No Legal Question on Late Filing Penalty under Wealth-tax Act The High Court dismissed the petition under section 27(3) of the Wealth-tax Act, ruling that no referable question of law arises regarding the calculation ...
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Petition Dismissed: No Legal Question on Late Filing Penalty under Wealth-tax Act
The High Court dismissed the petition under section 27(3) of the Wealth-tax Act, ruling that no referable question of law arises regarding the calculation of penalty for late filing of wealth-tax return.
The petition under section 27(3) of the Wealth-tax Act was filed to refer a question of law to the Tribunal regarding the calculation of penalty for late filing of wealth-tax return. The High Court ruled that no referable question of law arises, and the petition was dismissed.
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