https://www.taxtmi.com/circulars?id=8790 The Board directs Wealth-tax Officers to impose the penalty u/s 18(1)(a) of the Wealth Tax Act wherever the provision applies, noting past failures to levy the penalty that caused revenue loss and adverse Revenue Audit comments; officers must ensure consistent application and face stringent disciplinary action for future lapses. en-us Sun, 12 Dec 1971 00:00:00 +0530 Thu, 26 May 2011 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8790 The Board directs Wealth-tax Officers to impose the penalty u/s 18(1)(a) of the Wealth Tax Act wherever the provision applies, noting past failures to levy the penalty that caused revenue loss and adverse Revenue Audit comments; officers must ensure consistent application and face stringent disciplinary action for future lapses. Circulars Income Tax Sun, 12 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8790