https://www.taxtmi.com/caselaws?id=16729 The High Court ruled in favor of the Revenue, stating that penalties under section 18(1)(a) of the Wealth-tax Act should be calculated based on the rates before and after the amendment. The decision emphasized the continuous default of not filing the return promptly and aligned with previous Supreme Court judgments. en-us Thu, 07 Aug 1997 00:00:00 +0530 Wed, 09 Sep 2009 16:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16729 The High Court ruled in favor of the Revenue, stating that penalties under section 18(1)(a) of the Wealth-tax Act should be calculated based on the rates before and after the amendment. The decision emphasized the continuous default of not filing the return promptly and aligned with previous Supreme Court judgments. Case-Laws Wealth-tax Thu, 07 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16729