https://www.taxtmi.com/caselaws?id=23252 The High Court upheld the Tribunal's decision that no penalty under section 18(1)(c) of the Wealth-tax Act was imposable on the assessee for the assessment years 1966-67 and 1973-74. The Court agreed that the assessee's declaration of assets in his wife's name did not warrant penalties, as it was done under a different section of the Act. The Court found no legal question in the Tribunal's factual findings and rejected the application for reference, with no costs awarded. en-us Wed, 15 Nov 1989 00:00:00 +0530 Thu, 17 Dec 2009 17:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23252 The High Court upheld the Tribunal's decision that no penalty under section 18(1)(c) of the Wealth-tax Act was imposable on the assessee for the assessment years 1966-67 and 1973-74. The Court agreed that the assessee's declaration of assets in his wife's name did not warrant penalties, as it was done under a different section of the Act. The Court found no legal question in the Tribunal's factual findings and rejected the application for reference, with no costs awarded. Case-Laws Wealth-tax Wed, 15 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23252