https://www.taxtmi.com/caselaws?id=26479 The court found the Commissioner's rejection of the petitioner's application for waiver of penalty under section 18B of the Wealth-tax Act to be unsustainable and ultra vires. The court quashed the orders, directing the Commissioner to reconsider the applications based solely on the conditions outlined in the Act, emphasizing that extraneous factors should not influence the decision. The court ordered a rehearing without imposing costs on the petitioners. en-us Wed, 05 Mar 1986 00:00:00 +0530 Fri, 05 Feb 2010 12:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26479 The court found the Commissioner's rejection of the petitioner's application for waiver of penalty under section 18B of the Wealth-tax Act to be unsustainable and ultra vires. The court quashed the orders, directing the Commissioner to reconsider the applications based solely on the conditions outlined in the Act, emphasizing that extraneous factors should not influence the decision. The court ordered a rehearing without imposing costs on the petitioners. Case-Laws Wealth-tax Wed, 05 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26479