https://www.taxtmi.com/caselaws?id=21524 The High Court affirmed the Tribunal's decision that appeals against penalty orders made by the Wealth-tax Officer were not maintainable after the Commissioner of Wealth-tax reduced the penalties. The court clarified that the Commissioner's jurisdiction under section 18B is limited to the quantum of penalties and does not include determining reasonable cause for delays. The interpretation of section 18B aligns with previous case law, emphasizing that applying under this section admits the default and seeks only penalty reduction or waiver, precluding further challenges to penalty imposition. The decision favored the Revenue with no costs awarded. en-us Tue, 12 Mar 1991 00:00:00 +0530 Wed, 25 Nov 2009 11:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21524 The High Court affirmed the Tribunal's decision that appeals against penalty orders made by the Wealth-tax Officer were not maintainable after the Commissioner of Wealth-tax reduced the penalties. The court clarified that the Commissioner's jurisdiction under section 18B is limited to the quantum of penalties and does not include determining reasonable cause for delays. The interpretation of section 18B aligns with previous case law, emphasizing that applying under this section admits the default and seeks only penalty reduction or waiver, precluding further challenges to penalty imposition. The decision favored the Revenue with no costs awarded. Case-Laws Wealth-tax Tue, 12 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21524