https://www.taxtmi.com/caselaws?id=3138 The High Court upheld the validity of penalty proceedings under section 18(1) of the Wealth-tax Act, emphasizing substantial compliance with statutory requirements. The court found the notice proposing penalty, issued under section 18(2), adequately conveyed the essence of the offense for failure to file a return under section 14(1), despite certain sections not being clearly specified. The court ruled in favor of the Revenue, stating that the failure to strike off specific sections in the notice did not invalidate the penalty proceedings. en-us Mon, 16 Oct 2006 00:00:00 +0530 Thu, 24 Apr 2008 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3138 The High Court upheld the validity of penalty proceedings under section 18(1) of the Wealth-tax Act, emphasizing substantial compliance with statutory requirements. The court found the notice proposing penalty, issued under section 18(2), adequately conveyed the essence of the offense for failure to file a return under section 14(1), despite certain sections not being clearly specified. The court ruled in favor of the Revenue, stating that the failure to strike off specific sections in the notice did not invalidate the penalty proceedings. Case-Laws Wealth-tax Mon, 16 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3138