https://www.taxtmi.com/caselaws?id=5561 The Court applied its earlier precedent on analogous penalty provisions under the Wealth-tax Act and declined to reopen that ruling. It held that the prior decision remained binding, with no sufficient ground to reconsider it, and applied that authority to the relevant assessment years. On that basis, the amended enhanced penalty scale governed the period in question where the law so provided, and the issue was resolved in favour of the Revenue. en-us Tue, 10 Dec 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5561 The Court applied its earlier precedent on analogous penalty provisions under the Wealth-tax Act and declined to reopen that ruling. It held that the prior decision remained binding, with no sufficient ground to reconsider it, and applied that authority to the relevant assessment years. On that basis, the amended enhanced penalty scale governed the period in question where the law so provided, and the issue was resolved in favour of the Revenue. Case-Laws Wealth-tax Tue, 10 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5561