https://www.taxtmi.com/caselaws?id=65035 The Tribunal held that penalties under section 18(1)(a) of the Wealth-tax Act for certain assessment years were canceled as notices served on specific individuals were not authorized by the assessee. This led to the assessee being entitled to immunity under the Voluntary Disclosure Scheme. For other years, where notices were validly served, penalties were upheld. The revenue's appeals were dismissed for years where notices were not served, affirming the cancellation of penalties. The judgment extensively analyzed notice service, immunity under the Scheme, and legal prerequisites for penalty imposition under the Wealth-tax Act, 1957. en-us Mon, 19 May 1986 00:00:00 +0530 Fri, 11 Feb 2011 17:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65035 The Tribunal held that penalties under section 18(1)(a) of the Wealth-tax Act for certain assessment years were canceled as notices served on specific individuals were not authorized by the assessee. This led to the assessee being entitled to immunity under the Voluntary Disclosure Scheme. For other years, where notices were validly served, penalties were upheld. The revenue's appeals were dismissed for years where notices were not served, affirming the cancellation of penalties. The judgment extensively analyzed notice service, immunity under the Scheme, and legal prerequisites for penalty imposition under the Wealth-tax Act, 1957. Case-Laws Wealth-tax Mon, 19 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65035