https://www.taxtmi.com/caselaws?id=328651 The Tribunal found the show cause notice issued under Section 18(2) of the Wealth Tax Act to be defective as it did not specify the grounds for the penalty. Consequently, the penalty order was deemed invalid and canceled. The appeal of the assessee was allowed, and the order was pronounced in court on 01.06.2016. en-us Wed, 01 Jun 2016 00:00:00 +0530 Mon, 06 Jun 2016 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328651 The Tribunal found the show cause notice issued under Section 18(2) of the Wealth Tax Act to be defective as it did not specify the grounds for the penalty. Consequently, the penalty order was deemed invalid and canceled. The appeal of the assessee was allowed, and the order was pronounced in court on 01.06.2016. Case-Laws Wealth-tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328651