https://www.taxtmi.com/caselaws?id=67296 The Tribunal held that the AAC was not competent to entertain appeals and cancel penalties under s. 18(1)(a) of the Wealth-tax Act when the CWT had already exercised power under s. 18(2A). The impugned orders were set aside, and the orders of the WTO were restored. The Tribunal's decision emphasized that the AAC cannot interfere with penalties once the CWT has acted under the Wealth-tax Act. en-us Wed, 18 Jan 1978 00:00:00 +0530 Wed, 09 Mar 2011 18:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67296 The Tribunal held that the AAC was not competent to entertain appeals and cancel penalties under s. 18(1)(a) of the Wealth-tax Act when the CWT had already exercised power under s. 18(2A). The impugned orders were set aside, and the orders of the WTO were restored. The Tribunal's decision emphasized that the AAC cannot interfere with penalties once the CWT has acted under the Wealth-tax Act. Case-Laws Wealth-tax Wed, 18 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67296