https://www.taxtmi.com/caselaws?id=17480 The court granted both petitions, waiving penalties imposed under section 18(1)(a) of the Wealth-tax Act for all relevant years. The judgment emphasized the importance of fulfilling conditions under section 18B for penalty waiver and stated that satisfaction of these conditions should lead to the grant of waiver. No costs were awarded in the matter. en-us Fri, 14 Mar 1997 00:00:00 +0530 Tue, 22 Sep 2009 15:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17480 The court granted both petitions, waiving penalties imposed under section 18(1)(a) of the Wealth-tax Act for all relevant years. The judgment emphasized the importance of fulfilling conditions under section 18B for penalty waiver and stated that satisfaction of these conditions should lead to the grant of waiver. No costs were awarded in the matter. Case-Laws Wealth-tax Fri, 14 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17480