https://www.taxtmi.com/caselaws?id=19684 The High Court upheld the Tribunal's decision to cancel penalties under Section 18(1)(a) of the Wealth-tax Act, 1957, as the assessee was not afforded a reasonable opportunity to be heard by the succeeding Wealth-tax Officer. Emphasizing the fundamental principle of natural justice, the court required an oral hearing for penalty impositions to ensure fairness. Additionally, the court mandated the succeeding officer to inform the assessee of the continuation of proceedings under Section 39, preserving the assessee's rights and upholding principles of natural justice in penalty imposition. en-us Thu, 19 May 1994 00:00:00 +0530 Sat, 07 Nov 2009 18:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19684 The High Court upheld the Tribunal's decision to cancel penalties under Section 18(1)(a) of the Wealth-tax Act, 1957, as the assessee was not afforded a reasonable opportunity to be heard by the succeeding Wealth-tax Officer. Emphasizing the fundamental principle of natural justice, the court required an oral hearing for penalty impositions to ensure fairness. Additionally, the court mandated the succeeding officer to inform the assessee of the continuation of proceedings under Section 39, preserving the assessee's rights and upholding principles of natural justice in penalty imposition. Case-Laws Wealth-tax Thu, 19 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19684