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of <h1>Interpreting 'Issued' vs. 'Served' in Wealth-tax Act: Supreme Court Decision</h1> The Supreme Court dismissed the petition as the word 'issued' in section 18(2A) of the Wealth-tax Act was interpreted to mean 'served,' based on previous ... Waiver of Penalty - returns were filed before notice of reassessment were served - word ' issue ' in s. 18(2A) is served as the notice cannot be said to be issued unless it was served on him and the assessee who made full disclosure of his wealth - issue of notice u/s 17 was entitled to the benefit of s. 18(2A) The Supreme Court dismissed the petition as the word 'issued' in section 18(2A) of the Wealth-tax Act was interpreted to mean 'served,' based on previous court decisions. The court found that any other interpretation would lead to unjust results. The petition was dismissed.
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