https://www.taxtmi.com/caselaws?id=63464 The Tribunal held that the penalty imposed under section 18(1)(c) of the Wealth-tax Act was unjustified as the valuation of shares was not definitive and both the assessee and Assessing Officer had qualified their values. The penalty was deleted, and the appeal was allowed. en-us Tue, 31 Oct 1995 00:00:00 +0530 Mon, 31 Jan 2011 11:17:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63464 The Tribunal held that the penalty imposed under section 18(1)(c) of the Wealth-tax Act was unjustified as the valuation of shares was not definitive and both the assessee and Assessing Officer had qualified their values. The penalty was deleted, and the appeal was allowed. Case-Laws Wealth-tax Tue, 31 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63464