https://www.taxtmi.com/caselaws?id=5930 The court dismissed the petition challenging the constitutional validity of Section 18(1)(a) of the Wealth-tax Act, 1957, as the offending provision had been amended, rendering the issues raised of academic interest only. The court found the penalty provisions to be reasonable, proportionate, and not confiscatory, rejecting arguments of infringement of constitutional rights. The petition was dismissed, with each party bearing their own costs, and any security amount deposited was ordered to be refunded to the petitioner. en-us Tue, 29 Apr 1986 00:00:00 +0530 Sun, 30 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5930 The court dismissed the petition challenging the constitutional validity of Section 18(1)(a) of the Wealth-tax Act, 1957, as the offending provision had been amended, rendering the issues raised of academic interest only. The court found the penalty provisions to be reasonable, proportionate, and not confiscatory, rejecting arguments of infringement of constitutional rights. The petition was dismissed, with each party bearing their own costs, and any security amount deposited was ordered to be refunded to the petitioner. Case-Laws Wealth-tax Tue, 29 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5930