https://www.taxtmi.com/highlights?id=14043 Penalty u/s 18(1)(c) - wealth tax - For claiming an exemption assesse had to include the asset in the return - Without including the same in the return filed it cannot claim exemption - Claims of exemption/deduction/rebate were not to be decided by the assesses - it was the job of the AO to entertain or rejects such claim as per the provisions of the Act - penalty confirmed - AT en-us Fri, 23 Aug 2013 08:00:48 +0530 Fri, 23 Aug 2013 08:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14043 Penalty u/s 18(1)(c) - wealth tax - For claiming an exemption assesse had to include the asset in the return - Without including the same in the return filed it cannot claim exemption - Claims of exemption/deduction/rebate were not to be decided by the assesses - it was the job of the AO to entertain or rejects such claim as per the provisions of the Act - penalty confirmed - AT Highlights Wealth-tax Fri, 23 Aug 2013 08:00:48 +0530 https://www.taxtmi.com/highlights?id=14043