https://www.taxtmi.com/caselaws?id=23960 The Commissioner of Wealth-tax had discretionary power to consider waiver of penalty under section 18(2A) of the Wealth-tax Act, 1957, even for assessment years before section 18B was inserted. Rejection of the waiver request solely because tax was said not to have been paid and because section 18B came into force later was therefore unsustainable. The petitioners also claimed that wealth-tax for the relevant years had been paid and were entitled to produce the challans. The Commissioner's order was set aside and the matter remanded for fresh consideration after giving the petitioners an opportunity to place their case on record. en-us Mon, 20 Mar 1989 00:00:00 +0530 Fri, 15 Jan 2010 14:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23960 The Commissioner of Wealth-tax had discretionary power to consider waiver of penalty under section 18(2A) of the Wealth-tax Act, 1957, even for assessment years before section 18B was inserted. Rejection of the waiver request solely because tax was said not to have been paid and because section 18B came into force later was therefore unsustainable. The petitioners also claimed that wealth-tax for the relevant years had been paid and were entitled to produce the challans. The Commissioner's order was set aside and the matter remanded for fresh consideration after giving the petitioners an opportunity to place their case on record. Case-Laws Wealth-tax Mon, 20 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23960