https://www.taxtmi.com/caselaws?id=70839 The Tribunal held that penalty orders imposed without prior approval of the Inspecting Assistant Commissioner (IAC) were illegal and needed to be set aside. The Tribunal determined that the law prevailing on the date of the offense applied, saving the provisions of Section 18 before the April 1965 amendment. Procedural irregularities were deemed curable, directing the Wealth Tax Officer (WTO) to obtain IAC approval before imposing penalties. The Tribunal set aside the orders of the WTO and the Appellate Assistant Commissioner (AAC) for all assessment years, restoring the cases for fresh disposal with the requirement of prior IAC approval for penalties. en-us Sat, 17 Apr 1976 00:00:00 +0530 Tue, 19 Apr 2011 15:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70839 The Tribunal held that penalty orders imposed without prior approval of the Inspecting Assistant Commissioner (IAC) were illegal and needed to be set aside. The Tribunal determined that the law prevailing on the date of the offense applied, saving the provisions of Section 18 before the April 1965 amendment. Procedural irregularities were deemed curable, directing the Wealth Tax Officer (WTO) to obtain IAC approval before imposing penalties. The Tribunal set aside the orders of the WTO and the Appellate Assistant Commissioner (AAC) for all assessment years, restoring the cases for fresh disposal with the requirement of prior IAC approval for penalties. Case-Laws Wealth-tax Sat, 17 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70839