https://www.taxtmi.com/caselaws?id=18115 The High Court of Madhya Pradesh ruled in a case concerning penalties under sections 18(1)(a) and 18(1)(c) of the Wealth-tax Act, 1957. The court held that the Amnesty Scheme did not suspend the Act's provisions, but the assessee's wealth disclosures were voluntary, entitling her to immunity from penalties. The court differentiated the issues, ruling in favor of the Department on the Amnesty Scheme's impact and in favor of the assessee on the voluntary nature of disclosures affecting penalty liability. The judgment included fixed counsel fees and directions to forward the order to the Tribunal for further actions. en-us Fri, 08 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 18:07:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18115 The High Court of Madhya Pradesh ruled in a case concerning penalties under sections 18(1)(a) and 18(1)(c) of the Wealth-tax Act, 1957. The court held that the Amnesty Scheme did not suspend the Act's provisions, but the assessee's wealth disclosures were voluntary, entitling her to immunity from penalties. The court differentiated the issues, ruling in favor of the Department on the Amnesty Scheme's impact and in favor of the assessee on the voluntary nature of disclosures affecting penalty liability. The judgment included fixed counsel fees and directions to forward the order to the Tribunal for further actions. Case-Laws Wealth-tax Fri, 08 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18115