https://www.taxtmi.com/caselaws?id=25013 The court ruled in favor of the assessee, determining that penalty proceedings under section 18(1)(a) of the Wealth-tax Act, 1957, cannot be initiated against a legal representative, as section 18 is not encompassed within section 19(3). Consequently, the second issue regarding mens rea and good faith filing became moot. The court instructed the Appellate Tribunal to eliminate the penalty entirely and awarded costs of Rs. 200 to the assessee. en-us Thu, 12 Nov 1987 00:00:00 +0530 Fri, 20 Dec 2024 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25013 The court ruled in favor of the assessee, determining that penalty proceedings under section 18(1)(a) of the Wealth-tax Act, 1957, cannot be initiated against a legal representative, as section 18 is not encompassed within section 19(3). Consequently, the second issue regarding mens rea and good faith filing became moot. The court instructed the Appellate Tribunal to eliminate the penalty entirely and awarded costs of Rs. 200 to the assessee. Case-Laws Income Tax Thu, 12 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25013